🏆 Today's Chart of the Day was shared by Ryan Detrick (@RyanDetrick).
- The S&P 500 has risen for seven consecutive months, the longest such streak since 2021. Another positive month in December would mark the longest streak since 2018.
- December has historically been the third-strongest month of the year, and the most likely to close positive, rising +73% of the time for an average gain of +1.4%. However, Ryan notes that strength typically occurs in the second half of the month.
- December's seasonal strength is not to be confused with the Santa Claus Rally, a seasonal indicator that looks at the last five days of December and the first two of January.
The Takeaway: December has historically been a strong month for stocks, but strength typically emerges in the second half.
