Investors are hoping for a "Santa Claus Rally" as December shows disappointing returns, despite a strong overall performance in 2024. The S&P 500 is up over 23% for the year, but rising Treasury yields and a lack of broad market strength raise concerns about future gains. With eight of the eleven sectors in negative territory, analysts suggest caution before buying into the market.
Friday the 13th is often viewed as an unlucky day, but historical data reveals a positive trend for the stock market on this date. Since 1928, the S&P 500 has averaged a gain of 0.09% on Friday the 13th, outperforming typical Friday closes and all trading days. Notably, the worst performance occurred in October 1989, when the S&P 500 dropped 6.1% following a failed buyout of United Airlines' parent company.
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