While the vaccine rally is still playing out, many traders are already looking ahead to the Santa Clause Rally.
The term "Santa Claus Rally" was first coined by Yale Hirsch of Stock Traders Almanac.
He pointed out the calendar anomaly back in 1972.
In the last five trading days of December, and the first two trading days of January, prices historically have been higher 76% of the time.
According to the almanac, the average gain has been about 1.3%, which is much higher than average for a seven-day stretch.
While those new to the markets in 2020 might think a seven-day move of a puny 1.3% is not even worth discussing, historically, it is a fairly large gain over just seven days.