The rally covers last five trading sessions of the year and the first two of the new year.
The S&P 500 Index has been positive about 79% of the time during those days since 1928, with an average gain of roughly 1.7%.
Almost as predictable as the big jolly elf himself, the Santa Claus rally in the stock market comes around in late December.
That is, the markets tend to rise over a stretch of time right before and after the calendar flips to the new year. Specifically, the rally involves the last five trading sessions of the year and the first two of the new year, according to the Stock Trader’s Almanac, which coined the term decades ago.
And so far, this year is no different.