A Santa Claus rally in stocks may fizzle this year, and that means 2023 returns are at risk and any gains likely hinge on the Fed cutting rates

Dec 20 2022 by Business Insider

 
Santa Claus pays a visit on the floor at the New York Stock Exchange (NYSE) in New York, U.S., November 21, 2018.

Brendan Mcdermid/Reuters

A Santa Claus rally has yet to materialize on Wall Street this year, and that's bad news for the stock market."When the index is down in the double digits as it is today, the odds of it being positive next year is essentially a coin flip," DataTrek said.DataTrek said any stock market gains in 2023 likely hinge on the Federal Reserve cutting interest...

Continue Reading A Santa Claus rally in stocks may fizzle this year, and that means 2023 returns are at risk and any gains likely hinge on the Fed cutting rates