Is This the Start of a Multi-Year Bull Market?

The Absence of a Santa Claus Rally and Its Impact on the S&P 500

Last year, Santa Claus seemed to have missed his cue as the market didn’t rally in the final week of the year. This absence of a Santa Claus rally has historically preceded disappointing years for the S&P 500. It’s intriguing to note how this pattern plays out in the following year. After all, we don’t usually expect something negative to occur after a period of positive performance.