Goldman Sachs analysts predict a "Christmas rally" is coming for U.S. stocks.
BlockBeats News, December 19 — Traders have spent most of December speculating whether the typical year-end "Santa Claus rally" will arrive as expected. The S&P 500 rose 0.8% on Thursday, ending a four-day losing streak after the index had been falling throughout the month. Historically, the stock market may continue to rise: data compiled by Citadel Securities shows that since 1928, the S&P 500 has had a 75% probability of rising in the last two weeks of December, with an average increase of 1.3%.
The trading team at Goldman Sachs Group, including Gail Hafif, stated: "Unless there is a major shock, it will be difficult to resist the seasonal tailwinds and more favorable positioning that we are about to enter." "While we do not necessarily expect a significant rally, we do believe there is still room for gains from now until the end of the year." (Golden Ten Data)
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