{"id":370643,"date":"2021-11-22T14:42:00","date_gmt":"2021-11-22T11:42:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/need-to-know-heres-why-santa-may-skip-wall-street-this-year\/"},"modified":"2021-11-22T14:42:00","modified_gmt":"2021-11-22T11:42:00","slug":"need-to-know-heres-why-santa-may-skip-wall-street-this-year","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/need-to-know-heres-why-santa-may-skip-wall-street-this-year\/","title":{"rendered":"#Need to Know: Here\u2019s why Santa may skip Wall Street this year"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a28a364eed2f\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a28a364eed2f\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/need-to-know-heres-why-santa-may-skip-wall-street-this-year\/#Critical_information_for_the_trading_day\" >Critical information for the trading day<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/need-to-know-heres-why-santa-may-skip-wall-street-this-year\/#Markets_dont_appear_to_be_in_a_mood_for_risk\" >Markets don\u2019t appear to be in a mood for risk.<\/a><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/need-to-know-heres-why-santa-may-skip-wall-street-this-year\/#The_buzz\" >The buzz<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/need-to-know-heres-why-santa-may-skip-wall-street-this-year\/#The_market\" >The market<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/need-to-know-heres-why-santa-may-skip-wall-street-this-year\/#Random_reads\" >Random reads<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/need-to-know-heres-why-santa-may-skip-wall-street-this-year\/#Steve_Goldstein\" >Steve Goldstein<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#Need to Know: Here\u2019s why Santa may skip Wall Street this year<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"Critical_information_for_the_trading_day\"><\/span>\n  Critical information for the trading day<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\" role=\"region\" aria-label=\"article body\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div id=\"cx-next\" data-nosnippet>\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000495255\" role=\"document\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-layout=\"\n                inline\" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetArticleReader\n              \n              inline\n  article__inset\n          article__inset--type-InsetArticleReader\n              article__inset--inline\n  \"><\/p>\n<div class=\"media-object-article-reader\">\n<div class=\"audioplayer\" data-sbid=\"WP-MKTW-0000495255\" role=\"region\" aria-label=\"Listen to Article\" tabindex=\"-1\" id=\"articlereader\" data-show-title=\"false\" data-theme=\"wsj-article-reader\" data-show-header=\"false\" data-show-subscribe=\"false\" data-ads-enabled=\"true\" data-save-publication=\"false\">\n        <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       Everyone knows about the Santa rally effect, and it\u2019s particularly pronounced in a bull market. According to Bank of America, the November-to-January period is the strongest three-month period of the year for S&amp;P 500 returns, and even more so when August-to-October is above-average, which it was this year with a 4.8% gain.<\/p>\n<p> But the market isn\u2019t showing a lot of festive cheer, particularly if you look at the bottom 495 stocks of the S&amp;P 500 and small-caps. The S&amp;P 500 equal weight index<br \/>\n        SP500EW,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210600229\/delayed\" class=\"negative\">-0.64%<\/bg-quote><br \/>\n       is down about 1% from its highs, and the small-cap Russell 2000<br \/>\n        RUT,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598147\/delayed\" class=\"negative\">-0.86%<\/bg-quote><br \/>\n       is down 4%. That\u2019s hardly terrible after the strong gains for the year, to be sure, but a sign that the market is at the very least consolidating.<\/p>\n<div class=\"paywall\">\n<div data-layout=\"inline\n                \" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetMediaIllustration\n            inline\n  article__inset\n          article__inset--type-InsetMediaIllustration\n            article__inset--inline\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-inline\n        article__inset__image\n      \" itemscope itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<div style=\"padding-bottom:51.57142857142857%;\" data-subtype=\"photo\" class=\"image-container  responsive-media article__inset__image__image\">\n        <img decoding=\"async\" srcset=\"https:\/\/images.mktw.net\/im-439165?width=540&amp;size=1.9393939393939394 540w, https:\/\/images.mktw.net\/im-439165?width=620&amp;size=1.9393939393939394 620w, https:\/\/images.mktw.net\/im-439165?width=639&amp;size=1.9393939393939394 639w, https:\/\/images.mktw.net\/im-439165?width=700&amp;size=1.9393939393939394 700w, https:\/\/images.mktw.net\/im-439165?width=700&amp;size=1.9393939393939394&amp;pixel_ratio=1.5 1050w, https:\/\/images.mktw.net\/im-439165?width=700&amp;size=1.9393939393939394&amp;pixel_ratio=2 1400w, https:\/\/images.mktw.net\/im-439165?width=700&amp;size=1.9393939393939394&amp;pixel_ratio=3 2100w\" sizes=\"(max-width: 639px) 100vw, (max-width: 979px) 620px, (max-width: 1299px) 540px, 700px\" src=\"https:\/\/images.mktw.net\/im-439165?width=700&amp;height=361\" alt=\"\" title=\"\">\n      <\/div><figcaption class=\"wsj-article-caption article__inset__image__caption\" itemprop=\"caption\">\n<h4 class=\"wsj-article-caption-content\"><span class=\"ez-toc-section\" id=\"Markets_dont_appear_to_be_in_a_mood_for_risk\"><\/span>Markets don\u2019t appear to be in a mood for risk.<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/figcaption><\/figure>\n<\/p><\/div>\n<p>       Sean Darby, global equity strategist at Jefferies, says an extended period of flows into risky assets has crested as the dollar firms, LIBOR cuts through its moving average, currency volatility breaks out, and the yield curve is \u201cunnervingly flat\u201d while inflation expectations remain elevated.<\/p>\n<p>Soon-to-be-outgoing<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.federalreserve.gov\/newsevents\/speech\/clarida20211119a.htm\" class=\"icon none\"> Fed Vice Chair Richard Clarida<\/a> has opened the door to speeding up the tapering process in December, just as it\u2019s commenced. \u201cThe dollar is beginning to reprice all global asset classes and this ought to be accompanied by higher volatility as expected returns become more uncertain,\u201d said Darby in a note to clients.<\/p>\n<p>Speaking to CNBC in an interview that aired Monday, he elaborated on that pessimism. \u201cMy fear is that you only have to have small changes in expectations of growth, or indeed policy tightening, and you could have quite a significant change in sentiment,\u201d he said. That doesn\u2019t mean there will be an unh<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>y fourth quarter, Darby said, but \u201ca pretty difficult time for the first quarter 2022.\u201d<\/p>\n<h6><span class=\"ez-toc-section\" id=\"The_buzz\"><\/span>The buzz<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p>This could really be the week President Joe Biden determines whether Jerome Powell or Lael Brainard will be his nominee for Fed chair. The White House schedule has Biden talking about \u201cthe economy and lowering prices for the American people\u201d on Tuesday, which sounds like a topical subject line for discussing the central bank\u2019s leadership. The Washington Post reports Biden made<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/us-policy\/2021\/11\/20\/biden-economics-white-house\/\" class=\"icon none\"> positive comments about Powell in a meeting with centrist senators<\/a>.<\/p>\n<p>The People\u2019s Bank of China removed several phrases about policy restraint in a report, which economists said could be a sign of easing steps to come.<\/p>\n<p>Protests erupted throughout Europe in response to new coronavirus-related restrictions as infections spike.<\/p>\n<p>At least five died and more than 40 were injured after a vehicle sped through a Christmas parade in suburban Milwaukee.<\/p>\n<p>Zoom Video Communications<br \/>\n        ZM,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/211319643\/composite\" class=\"negative\">-1.74%<\/bg-quote><br \/>\n       is due to release results after the close of trading.<\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>Telecom Italia<br \/>\n        TIT,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/203233528\/delayed\" class=\"positive\">+27.10%<\/bg-quote><br \/>\n       rallied 28% in Milan after KKR made a \u20ac10.8 billion bid for the company. Ericsson<br \/>\n        ERIC,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/208932705\/composite\" class=\"negative\">-0.36%<\/bg-quote><br \/>\n       said it was buying Vonage<br \/>\n        VG,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/209119823\/composite\" class=\"negative\">-2.09%<\/bg-quote><br \/>\n       for $6.2 billion, or $21 a share.<\/p>\n<h6><span class=\"ez-toc-section\" id=\"The_market\"><\/span>The market<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p>U.S. stock futures<br \/>\n        ES00,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/209948968\/delayed\" class=\"positive\">+0.40%<\/bg-quote><\/p>\n<p>        NQ00,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210219788\/delayed\" class=\"positive\">+0.39%<\/bg-quote><br \/>\n       advanced, after a week in which the Dow industrials<br \/>\n        DJIA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598065\/realtime\" class=\"negative\">-0.75%<\/bg-quote><br \/>\n       fell while the Nasdaq Composite<br \/>\n        COMP,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598365\/realtime\" class=\"positive\">+0.40%<\/bg-quote><br \/>\n       rose. <\/p>\n<p>The yield on the 10-year Treasury<br \/>\n        TMUBMUSD10Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">1.575%<\/bg-quote><br \/>\n       was 1.59%. <\/p>\n<p><strong>Listen to the Best New Ideas in Money podcast<\/strong><\/p>\n<h6><span class=\"ez-toc-section\" id=\"Random_reads\"><\/span>Random reads<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p>El Salvador is planning a bitcoin<br \/>\n        BTCUSD,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/31322028\/realtime\" class=\"negative\">-3.63%<\/bg-quote><br \/>\n       city <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bbc.co.uk\/news\/world-latin-america-59368483\" class=\"icon none\">at the base of a volcano<\/a>.<\/p>\n<p>Russia and the U.S. are<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/tass.com\/science\/1364209\" class=\"icon none\"> planning a joint mission to Venus<\/a>, says the CEO of the Russian state space agency.<\/p>\n<p>An Australian TV host flew to London to interview Adele,<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.mirror.co.uk\/3am\/celebrity-news\/australian-tv-host-matt-doran-25514494\" class=\"icon none\"> but didn\u2019t bother listening to her new album first.<\/a> <\/p>\n<p><strong>Need to Know starts early and is updated until the opening bell, but sign up here to get it delivered once to your email box. The emailed version will be sent out at about 7:30 a.m. Eastern. <\/strong><\/p>\n<p><strong>Want more for the day ahead? Sign up for <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.barrons.com\/newsletters?sub=462&amp;mod=article_inline\" class=\"icon none\">The Barron\u2019s Daily<\/a>, a morning briefing for investors, including exclusive commentary from Barron\u2019s and MarketWatch writers.<\/strong><\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>    <span>By<\/span><\/p>\n<div class=\"author mobile-scrim hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Steve Goldstein\",\"subhead\":\"The Wall Street Journal\",\"list\":[{\"type\":\"link\",\"icon\":\"bio\",\"url\":\"https:\/\/www.marketwatch.com\/topics\/journalists\/steve-goldstein\",\"text\":\"Biography\"},{\"type\":\"link\",\"icon\":\"twitter\",\"url\":\"https:\/\/twitter.com\/MKTWgoldstein\",\"text\":\"@MKTWgoldstein\"},{\"type\":\"link\",\"icon\":\"facebook\",\"url\":\"https:\/\/facebook.com\/stevegoldsteinnews\",\"text\":\"stevegoldsteinnews\"},{\"type\":\"link\",\"icon\":\"email\",\"url\":\"http:\/\/www.marketwatch.com\/news\/mailto:sgoldstein@marketwatch.com\",\"text\":\"sgoldstein@marketwatch.com\"}]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Steve_Goldstein\"><\/span>Steve Goldstein<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B20C05575-04D4-B545-778E-974A1FA1ED79%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Need to Know: Here\u2019s why Santa may skip Wall Street this year&#8221; Critical information for the trading day Everyone knows about the Santa rally effect, and it\u2019s particularly pronounced in a bull market. According to Bank of America, the November-to-January period is the strongest three-month period of the year for S&amp;P 500 returns, and even&#8230;<\/p>\n","protected":false},"author":1,"featured_media":370644,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.mktw.net\/im-439175\/social","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-370643","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/370643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=370643"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/370643\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/370644"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=370643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=370643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=370643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}