Santa’s rebound is likely to recur as corporate profits continue to grow steadily in the fourth quarter and elections in the rearview mirror.
Santa’s rally is a rise in stock prices between the last week of December and the first two trading days of January. The exact reasons are not easy to explain-from year-end tax considerations to people paying bonuses to buy stocks. In 2017, the market rebounded from the end of December until mid-January. Scary corrections daunting corrections give rise to optimistic Wall Street sentiment.
In the current context, investors may have to endure some short-term pain before Santa Claus enters the market with gifts, which is why you have to pay attention to Jim Kramer’s latest monthly action alert. And on Sept. 1 at 11:30, it’s time to be ready for the rest of the year, taking note of the direction of the market in the near future.
Emerging market stocks plummeted and tech stocks sold off as the president stepped up talk of a trade war, with many investors questioning valuations after an unexpected rally in August and markets starting to look a bit at their peak. Bank of America Merrill Lynch (bank of america merrill lynch) said the daily rise and fall of 73 indexes around the world is likely to fall from its 2018 high. The problem is: it happens every time: it happens every time. In the past, markets have entered a serious correction. “there was a sharp correction in global stocks in 2015 and 2011, but a sharp correction in U.S. stocks.”
To be a profitable investor and accumulate long-term wealth, you need the right information and technology. In 2018, hold a special investment event for seasoned and active traders. Sign up here for investing like a professional: Jim Kramer’s investor boot camp.