Are we heading for another Santa Rally? [Video]

Joshua Mahony MSTA Scope Markets

It’s that time of year again. Markets have been gaining ground after the recent November volatility, but will we have enough momentum to carry through into the new year? Scope Markets Chief Market Analyst Joshua Mahony explains exactly what the Santa Rally is, and whether he believes it will happen again this year. This involves a statistical look at seasonal trends and historical patterns to guide us on whether to expect further equity market gains at the back end of December. The details could be key this year, with the recent concerns around the tech sector signalling a potential improvement in market breadth and caution for the Nasdaq compared with the S&P 500.

Author

Joshua Mahony MSTA

Scope Markets

Joshua Mahony is Chief Markets Analyst at Scope Markets. Joshua has a particular focus on macro-economics and technical analysis, built up over his 11 years of experience as a market analyst across three brokers.

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