Will the market increase in the last week of the year?

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The S&P 500 has gone up an average of 1.3% in its “Christmas rallies” since 1969. From 1950 to 2021, the S&P 500 is up 10.9% on average per year.

December 2022 will most likely be an exception. According to Bank of America’s December 23 report, individual investors net sold nearly $42 billion in the week to December 21, an all-time high.

There are not many economic data reports this week and market liquidity is forecast to drop to near the lowest level of the year as many investors take the early Tet holiday.

Strategists at DataTrek say that the market’s failure to rally in the final weeks of 2022 signals a not-so-good 2023 for stock prices.

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