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Don’t fret if Santa hasn’t showed up on Wall St. yet

A trader wears a Santa hat as he works on the floor of the New York Stock Exchange the day before Christmas in New York on Dec. 24, 2015.
Lucas Jackson | Reuters

The so-called Santa Claus rally is not off to a good start this year, but perhaps all is not lost yet.

After stocks fell Thursday and with their declines Monday, major averages are on pace to drop on the first two trading days of the Santa Claus rally. The rally is the tendency for stocks to rise over the last five trading sessions of December and the first two trading sessions of January.