The Stock Trader's Almanac

[3xBuBu]

As a reminder, today marked the second-to-last trading day of the classic year-end Santa Claus rally which, according to the Stock Trader's Almanac, has resulted in an average return of 1.5% for the S&P 500 since 1950. In fact, an influx of new fund inflows that typically hit the market on the first day of trading for the month/quarter/year, as evidenced by the biggest volume in several weeks, provided an additional floor of market support.