No Santa Claus Rally in Sight

This coming holiday-shortened week will round out a brutal year for Wall Street as 2022 comes to an end.The U.S. stock and bond markets will be closed on Monday, December 26, in observance of Christmas Day.The earnings and economic calendars will be light, with much of the business world off until next year.Traders who are working through the holiday period will get readings on wholesale and retail inventories, weekly jobless claims, and the latest S&P CoreLogic Case-Shiller home price index.When investors return from a long weekend Tuesday, hopes will be high for a Santa Claus Rally – a seasonal rise in the stock market that occurs at the end of …

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