One Big Reason Why Stocks Are Heading Higher in 2024

Editor’s Note: InvestorPlace offices, including Customer Service, will closed tomorrow Friday, December 22, and next Monday, December 25, for the holidays. Likewise, the stock market will be closed on Monday. Have a wonderful holiday! The Santa Claus rally is real this year. A Santa Claus rally typically occurs around the Christmas holiday – and it’s one reason why December tends to be a strong month for the market. Since December 1950, the S&P 500 and Dow have averaged gains of 1.4% and 1.5%, respectively. And in Decembers before election years (like the one we’re currently in), the S&P 500 and Dow average returns of 2.9% and 2.7%…