Market Ethos - Do we believe in a Santa Claus rally?


The term ‘Santa Claus rally’ is a term coined over the years for a good reason. Data back over a century reveals that December has the highest probability of any month to be in the green for the TSX and S&P 500 – 77% and 76%, respectively. The average gain for the TSX at 1.9% is the highest among all months, while the S&P 500’s average of 1.4% is a close second place after July. This time of year is usually kind to equity portfolios.

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