Tag: santa claus rally
Trading insights on share trading, forex trading, cfd trading and options trading. Powerful insights from our Wealth Advisers at PhillipCapital Australia.
Often referred to as the Santa Claus Rally or the Christmas Rally. One of the potential reasons for this phenomenon is the basis of the American tax...
Read more about Special Report – The Santa Claus Rally Phenomenon
If Santa Claus is coming to the market this year we will know this week, as this is make or break week. This week also sees a number of other important events taking place. The first being the FED and the long expected first interest rate rise in years (16th at 2.00pm EST in the US) followed by option expiry for the local index (XJO) and stocks, both on the same day, this Thursday 17th. We have XJO expiry with the opening match and then stock expiry with the closing match, so expect to see some volatility on the back of this, especially since it follows the FED decision only hours before. Then the US has its own Triple Witching expiry on Friday and it’s one of the biggest for the year. For more on this please find attached this week’s Market Commentary looking at the Australian and US markets.
It’s just 26 days to Christmas and counting. Each year I say how it feels as if Christmas comes around faster and faster and maybe that’s because I am getting older or life is just moving faster? Whatever the reason I think we are all in the same boat. The $64,000 question is will we have a Santa Claus rally and if so when, if it hasn’t already started? Markets take on a different character approaching, during and after the holidays and we should look to use this to our advantage