GREY:CNTTQ - Post by User
Post by
Ghostinthedarkon Dec 18, 2019 5:23pm
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Post# 30470254
Will we see the Santa Clause Rally in the Pot sector?
Will we see the Santa Clause Rally in the Pot sector? What Is a Santa Claus Rally?
A Santa Claus rally describes a sustained increase in the stock market that occur in the last week of December through the first two trading days in January. There are numerous explanations for the causes of a Santa Claus rally including tax considerations, a general feeling of optimism and happiness on Wall Street and the investing of holiday bonuses. Another theory is that some very large institutional investors, a number of whom are more sophisticated and pessimistic, tend to go on vacation at this time leaving the market to retail investors, who tend to be more bullish.