Buy Hold Sell, by Livewire Markets
Business:Investing
It's beginning to look a lot like Christmas. Glittering trees adorn every office, the local bars and restaurants are palpable with cheer, and workers are prepping for a well-earned break after what has been a very unusual few years.
But can we expect a Santa Rally into the new year?
Well, according to the Wall Street Journal, the S&P 500 has risen 73% of the time in December since 1928, delivering a 1.4% gain on average. Even the tech-heavy NASDAQ has risen 61% of the time during the month since 1971, recording an average return of 1.7%.
But what about the ASX? Here, Bell Direct's Grady Wulff was joined by Blackmore Capital's Marcus Bogdan and Firetrail Investments Blake Henricks for their analysis of five stocks poised for a possible Santa Rally into the new year.
Note: This episode was filmed on Wednesday 23 November 2022. You can read an edited transcript below:
https://www.livewiremarkets.com/wires/buy-hold-sell-5-stocks-for-a-santa-rally/
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