Santa has come to the intersection of Wall and Broad three out of every four years for the past 60 years, and the chances are good that he will come again this year. (Read more below chart.)
The "Santa Claus rally" is when the stock market rises between Christmas and New Year's Day, according to Birinyi Associates which crunched the numbers on past rallies. The market has gained 73 percent of the time for an average increase of 1.34 percent in the S&P 500. The S&P 500 is already up 6.5 percent this month.
Birinyi Analyst Collin Monsarrat thinks investors are in for a gift rally in the final week this year. Last year, the market suffered a 1 percent decline. But he says that there is absolutely no significance for the market in whether a rally occurs or not. Santa's lack of giving last year resulted in a 12.5 percent rally in the S&P so far this year.
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