Buy Hold Sell: 5 stocks for a Santa Rally
It's beginning to look a lot like Christmas. Glittering trees adorn every office lobby, the local bars and restaurants are brim with cheer, and workers are prepped for a well-earned break after what has been a very unusual few years.
But there's one question on investors' minds: Will we see a classic Santa Rally this year? Well, history certainly suggests it could. According to the Wall Street Journal, for the month of December:
- The S&P 500 has risen 73% of the time since 1928, delivering a 1.4% gain on average.
- The NASDAQ has gained 61% of the time since 1971, recording an average return of 1.7%.
- The Dow Jones has lifted 71% of the time in December since 1896, delivering investors an average return of 1.4%.
So could the ASX enjoy a rally too? According to Blackmore Capital's Marcus Bogdan the answer is a resounding yes. Woo hew!