MarketWatch

Here’s why Santa may skip Wall Street this year

According to Bank of America, the November-to-January period is the strongest three-month period of the year for S&P 500 returns, and even more so when August-to-October is above-average, which it was this year with a 4.8% gain. Sean Darby, global equity strategist at Jefferies, says an extended period of flows into risky assets has crested as the dollar firms, LIBOR cuts through its moving average, currency volatility breaks out, and the yield curve is “unnervingly flat” while inflation expectations remain elevated.