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The 'Santa Claus Rally'




(WTNH)- The 'Santa Claus Rally' is a run-up in the stock market that usually happens now, the last week in December and  the first two trading days of January.

Financial Consultant John Caserta came to Good Morning Connecticut  to explain what's beyond the phenomenon and how this impacts you and your money. 

Caserta says the reason behind this could be market sentiment, general optimism and year end bonuses. He also said there is uncertainty with what actually happens within the last couple months and what is to come. People also sell their loser stocks and buy stocks that are doing better.

For advice from Caserta on what you should be doing with your money, you can watch the video above.

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Securities and investment advisory services offered through Hornor, Townsend & Kent, LLC (HTK), Registered Investment Adviser, Member FINRA/SIPC. 187 Danbury Road, 2nd Floor, Wilton, CT 06897  (203) 966-2636. HTK is a wholly-owned subsidiary of The Penn Mutual Life Insurance Company.  Caserta & de Jongh, LLC is independent of HTK, LLC. HTK does not provide legal and tax advice. Always consult a qualified tax advisor regarding your personal tax situation and a qualified legal professional for your personal estate planning situation. 

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Investment advisory and financial planning services are provided by John Caserta, HTK Investment Adviser Representative. Our representatives are insurance and securities licensed in our home state of CT, as well as additional states.  For more information, please contact our office.  This is not an offer or solicitation in any state where not properly licensed.

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