Goldman Sachs analyst predicts that the US stock market is about to迎来 "Christmas rally"

BlockBeats News, December 19 — Traders have been speculating throughout most of December whether the typical year-end “Christmas rally” will arrive as expected. The S&P 500 rose 0.8% on Thursday, ending a four-day losing streak, after declining earlier this month. Looking at history, the stock market may continue to rise: data compiled by Castle Securities shows that since 1928, the S&P 500 has a 75% chance of rising in the last two weeks of December, with an average gain of 1.3%. A team from Goldman Sachs’ trading division, including Gail Hafif, stated: “Unless there is a major shock, it’s hard to resist the seasonal favorable period we are about to enter and more advantageous positioning.” “While we don’t necessarily expect a significant rally, we do believe there is room for an increase from now until the end of the year.” (Jin10)