Odaily Odaily that traders spent much of December speculating whether the typical year-end "Christmas rally" would materialize. The S&P 500 rose 0.8% on Thursday, ending a four-day losing streak after declining all month. Historically, the stock market may continue its upward trend: data compiled by Citadel Securities shows that since 1928, the S&P 500 has risen 75% of the time in the last two weeks of December, with an average gain of 1.3%.
Goldman Sachs' trading team, including Gail Hafif, stated: "Unless there's a major shock, it's difficult to withstand the upcoming seasonal upside and more favorable positioning we're entering." "While we don't necessarily foresee a significant rally, we do believe there's room for further gains between now and the end of the year." (Jinshi)
