S&P 500 Shows Potential for Year-End Rally Amid Historical Trends

According to BlockBeats, traders have been speculating throughout December about the likelihood of the typical year-end 'Christmas rally.' On Thursday, the S&P 500 index rose by 0.8%, breaking a four-day losing streak after experiencing declines earlier in the month. Historical data compiled by Citadel Securities indicates that since 1928, the S&P 500 has a 75% probability of rising in the last two weeks of December, with an average increase of 1.3%. Goldman Sachs' trading team, including Gail Hafif, noted that barring any major shocks, it is challenging to resist the seasonal positive period and more favorable positioning ahead. While they do not necessarily anticipate a significant surge, they believe there is room for gains from now until the end of the year.