Stockmarkets are more likely to rise in December than in any other month, according to Schroders' research covering more than 30 years of data.
Over the 33-year period, the data surveyed four indices (MSCI World, FTSE 100, S&P 500 and Eurostoxx) and found markets rose 75% of the time in December compared to falls in June, August and September. The most extreme case of monthly disparity was for the MSCI World index, which finished higher on 22 December more than 79% of the time. The statistic supports the so-called ‘Santa Rally' idea, which has perpetuated markets for years, where strong performance occurs in equities in the lead-up to Christmas. One theory behind this, Schroders said, is investor psychology; seasonal goodw...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes