In the run-up to last year’s festive period, many stock investors were eagerly anticipating their annual gift from Father Christmas – the Santa Claus rally. This refers to a seasonal upwards trend in the US stock market during the last five trading days in December and the first two in January. According to the Stock Trader’s Almanac, the S&P 500 historically tends to rise by an … Continue reading The Fed vs. Santa
Early this year, the Bank of England (BoE) was reported to have instructed banks to prepare for negative interest rates within six months. The BoE purportedly did so as part of its plans for a monetary stimulus to resuscitate the UK economy ravaged by the Covid-19 pandemic. Economists have since been divided on whether driving the BoE’s base rate from the already ultra-low 0.1% to … Continue reading Assessing the Virtues of Negative Interest Rates
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