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It's Beginning to Look a Lot Like a Christmas Santa Rally Everywhere I Go...

By Malcolm Stacey | Saturday 18 December 2021

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Hello, Share Shoppers. Uncle Tom has, sarcastically, remarked that every year I predict a Santa Rally. But should I do so in a covid year like this one? You bet I should. And despite the fact that new daily cases are fast approaching 100,000 per day, the Footsie has not fallen very much from its year high of 7,380. That, I cheerfully submit, is because the traditional Santa Rally has cushioned the blow.

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