A ‘Santa Claus Rally’ for the Stock Market?

<p><span style="font-weight: 400;">Today on the Brief:</span></p> <ul> <li style="font-weight: 400;"><span style= "font-weight: 400;">Payrolls report underperforms expectations</span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">Spotify looking for crypto director</span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">Lame-duck crypto legislation on the way? </span></li> </ul> <p> </p> <p><span style="font-weight: 400;">Our main discussion: Will we see a “Santa Claus rally” this year? </span></p> <p><span style="font-weight: 400;">This kind of rally refers to the fact that in about two-thirds of years since 1969, late December has seen a stock market rally, averaging a 1.4% gain. </span></p> <p><span style="font-weight: 400;">This year, vaccine optimism combined with new stimulus seems poised to once again jingle Wall Street’s bells. A</span> <a href= "https://www.bloomberg.com/news/articles/2020-12-04/these-five-charts-throw-cold-water-on-chances-of-santa-rally"> <span style="font-weight: 400;">piece in Bloomberg</span></a><span style="font-weight: 400;">, however, provides five charts and reasons why this market rally is already overbought and overblown, so this year might be more coal than eggnog. </span></p> <p> </p>