All three major U.S. benchmarks are trading in the green on Tuesday, but a small recovery is not a sign that a Santa Claus Rally will happen on Wall Street in 2022, expert says.
Ned Davis Research chief U.S. strategist examines the stock market's response around the holidays on 'Making Money.'
A Santa Claus Rally occurs when equities rise in the last five trading days of December and the first two of the new year. Edward Moya, a senior market analyst for OANDA in New York told FOX Business on Tuesday, "U.S. stocks are trying to snap a four-day losing streak, but the rebound is hardly a sign that Santa's coming to town."
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