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“‘Twas the night before Christmas, when all through the house, not a creature was stirring, not even a mouse.”
It’s very quiet on Wall Street this morning as there’s little in the way of news or events to speak of. That’s the way it should be for Christmas Eve, though. Today’s session for equities is an abbreviated one with the market closing for the week at 1 PM. If you celebrate the holiday, have a great Christmas. If not, enjoy the three-day weekend anyway!
Be sure to check out today’s Morning Lineup for updates on the latest market news and events, the latest on Brexit, an update on the latest national and international COVID trends, and much more.
Small-cap investors have gotten an early Christmas present this year as just this week, the Russell 2000’s rally off its closing low in March topped 100%. In the history of the Russell 2000, there has only been one other time where the index rallied more than 100% from a low within a year or less and only one other time where the rally topped 90%. The biggest rally within a year of a closing low was in the period ending June 1983 while the 90%+ rally was in the period ending in March 2010 coming out of the financial crisis.