Ever heard of the Santa Claus rally or Black Friday stock rally?
It’s not a celebratory parade or a rush through shopping malls to get the newest gifts before the next person…
It’s a stock market phenomenon that sees an increase in the stock market due to strong retail sales…
There are other factors such as tax considerations and holiday bonuses, but in general, it can be a very “bullish” time of year. In fact, about 2/3 of December’s have resulted in positive gains for shareholders in the last sixty years.
Retail has been on fire since the news of the Pfizer Inc (NYSE: PFE) vaccine. But, the economic impacts of COVID-19 are bound to make a dent in retail sales this holiday season.
Watch the full interview to see whether markets will be just as excited about Black Friday sales as we are!
Written by James West.