 The 'Santa rally' and why now could be a great time to start investing
For many, investing in the stock market can seem a daunting prospect and volatile thing to do with your money.
But if there's any time to take the plunge, Christmas might just be it.
It's all because of the so-called Santa rally. That's right, even the stock market gets down with the festive cheer.
The basic idea is that there is a sustained increase in the stock market that occurs around the festive period - usually during the last five trading days of December and the first two of January.
There are a lot of theories out there on why it happens, but does it mean you should think about investing now?
Jonathan Webster-Smith, chief investment officer at Bowmore Asset Management, told Sky News' Business Live presenter Darren McCaffrey that in the past 73 years, the markets are up at this time of year 78% of the time.
He says it can partially be attributed to "a bit of joy around Christmas time", but there are some underlying reasons it happens.
"Institutional investors tend to settle positions and go away, and are they leaving the market therefore slightly for retail investors? Sentiment at that time of year is clearly much more positive," he says.
"We also have a big thing in the US - the pension deadline and bonuses are paid, so there's increase flows in retail. And people launch predictions for 2025, so generally there's much higher flow."
Probably a reflection of what is happening here (maybe).
Im looking to buy some more if the price drops to the low 4's
GLA |
Oops.
I definitely wouldn’t spread bet on this. |
:( got sucked into increasing my spread bet at 6p :( |
Sellers back, 5.4 offered, and 5 trades in 50k.
Excitement over. |
HCBF to all those who celebrate |
Sorry , today at 5pm please |
Yes, just need the date😀 |
A 5pm stonker RNS would be lovely . |
Yes, declining without trades is a sign of it having been a head fake |
5.69 offered now. |
Or it's the standard head fake |
So the seller is out by the looks of it |
:D
Good on ya ssb |
Max offer 50k at 5.78pWooooooooooooosssssssssssshhhhhhhhhhhh |
I placed order for 5p only got filled at 5.90Woooooooooosssssssshhhhhhhhhhhhhhhhhhj |
There it is. Well done SSB |
Quite the change in stance from the MM's. Much harder to buy in any decent size
Hardly any left under 6 |
How many did you buy SSB? Looks like you might have moved the price :-) |
Well done the buyers! |
'Mine is delayed you will know it's me though....BWTFDIK |
No sign of a big seller. |
AddedBWTFDIK |
an idiot who did call this correctly
thiopia - 04 Nov 2024 - 22:44:43 - 21340 of 22431 BLACKBIRD PLC - BIRD
Chart suggests 5s soon ? |
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