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00:00The Santa Claus Rally. Now this one says that the last five trading days of December and the first two trading days of January have been a really good week for the stock market. This is because of the holiday spirit, holiday bonuses, holiday shopping, people are spending money, so it kind of makes sense. 34 of the last 45 holidays have yielded a positive stock market with an average rate of return of about 1.4%.
00:25Now, looking at this from a broader time horizon, over the last 92 years, the stock market averaged 77% of the time in the green with an average rate of return of about 2.6%.
00:37So I guess this myth is kind of confirmed. It's true that December really is typically a good month, at least the end of it, and it's not something that I would base my whole investment decision around, so I guess it's not totally confirmed, so I wouldn't bet the entire house on it.
00:52Unless your houses are in the metaverse, because of unlimited power.
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