With the official holiday trading period set to begin Wednesday, Detrick notes that while failed rallies are a concern, the market’s recent resilience suggests “Santa” hasn’t abandoned Wall Street yet ...

The ‘Santa Rally,’ which is a historically bullish stretch that lasts from the last five trading days of the year to the first two trading days of January, fell flat for the third consecutive year.

Stocks ended 2024 with the best annual back-to-back gains since the late 1990s. That streak might not last.

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