Real-Time Quote
Quote | News | Chart | Details
US10YT=XX News & Analysis
Is Stock Surge Early Sign of Santa Claus Rally?
28 Nov 2011 EST - CNBC.com
Page 1 of 5 | Next Page
Show Entire Article

Foodies may still be savoring Thanksgiving leftovers, but market pros have been squarely focused on Christmas and the potential of a Santa Claus Rally.Although purists will argue the term Santa Claus rally should be limited to the stock market gains that can occur between Christmas and New Year’s day, the Fast Money gang and many other pros take a broader view.They use the term Santa Claus rally to describe a march higher across the entire month of December, with investor sentiment buoyed by intangible catalysts, such as the good cheer that prevails during the season.

And investors can’t help but wonder if Monday’s market action was a sign that a 2011 Santa Claus rally was about to get underway.By all accounts the stock market gains were impressive. The Dow surged by triple digits and all 10 sectors of the S&P closed sharply higher.But that’s not to say the Grinch didn't have his eye on this market too. “There’s been no confirmation from the bond market,” reminds the skeptical Guy Adami. In other words, if investor appetite for riskier assets such as stocks was increasing, yields in Treasurys should also start to climb as money rotates out of the bond market. And that didn’t happen. How should you interpret Monday’s action? Should you position for a big end of year rally? Or should you take profits while you still can?

Page 1 of 5 | Next Page
Show Entire Article
US10YT=XX News & Analysis
No recent news available
Real-Time Quote
omniture pixel