Will there be a 'Santa Claus rally' in the stock market this year?
- Written by Gabriella Legrenzi, Senior Lecturer in Economics, Keele University
In 1897, the American newspaper editor Francis Pharcellus Church penned a famous reply to a young reader who wrote in with doubts about the existence of a certain old man in a red suit who spent a lot of time around chimneys: “Yes, Virginia, there is a Santa Claus”.
The average investor is a little...