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Last Trading Day of Year Weak Link in Santa Claus Rally

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The last trading day of the year has become a bearish day the last two decades and it’s the worst performing day of the Santa Claus Rally as noted on page 118 of the Stock Trader’s Almanac 2022. Last-minute tax-loss selling, old sayings such as “year ends make great exits,” a desire to start with a clean slate, who knows exactly the answer, but the last trading day of the year has turned bearish over the last twenty-one years. Since 2000, NASDAQ and Russell 200 have the worst records. On the last trading day of the year, NASDAQ has been down in fifteen of the last twenty-one years after having been up twenty-nine years in a row from 1971 to 1999. DJIA and S&P 500 have also been struggling recently and exhibit a bearish bias over the last twenty-one years. Russell 2000’s record very closely resembles NASDAQ, gains every year from 1979 to 1999 and only six advances since.

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