Wall Street is expecting a 'Santa Claus Rally' as historical patterns indicate a potential increase in stock prices. This rally typically leads to an average rise of around 1.3% in the final five trading days of the year, continuing into the first two trading days of the following year.
Investors are closely watching market movements as the year comes to a close, with many hoping to take advantage of this seasonal trend. Analysts believe that the rally could give portfolios a much-needed boost as 2023 draws to a close, reflecting a trend seen in previous years.