Tell us what you think: Is a Santa Claus rally on the way for markets?

by Dramelin 9:00 PM 0 comments

futures gained on Monday morning Asia time as investors reacted to U.
Senate Republicans narrowly passing a bill to overhaul the American tax system over the weekend.
With that, the GOP moves closer to its promise of remaking U.
tax law under a Republican-led government.
It still needs to overcome significant disagreements for the House and Senate to craft a joint bill and send it to President Donald Trump`s desk.
Republicans hope to reach a deal by Christmas, and passing the tax bill would give the Trump administration its first major legislative victory.
Commentators have previously said that this year`s Santa Claus rally — a phenomenon that refers to the end of December and early January period where stocks historically record gains — is dependent on the eventual outcome of the U.
As lawmakers continue to negotiate over tax reform, in this week`s Trader Poll, tell us your predictions for this year`s Santa Claus rally.