Chart of the Day - Monday, December 20th, 2021
December 20, 2021
Today’s Chart of the Day was shared by Mike Zaccardi (@MikeZaccardi). December is widely known as one of the strongest months for stocks. However, we have yet to see that seasonal strength play out, with the S&P 500 completely flat since the start of the month. Mike points out that seasonal strength in Post-Election years tends to come at the very end of the month, towards the Santa Claus Rally period. Many people mistake the Santa Claus Rally as occurring the entire month of December, but it's really the last five trading days in December and the first two trading days in January. If we fail to see strength during this notoriously strong period, it would be a big red flag.