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# Yes, Virginia, There Really Is a Santa Claus Rally
- URL: https://www.yardeniquicktakes.com/yes-virginia-there-is-a-santa-claus-rally/
- Published: 2022-10-19T02:18:59.000Z
- Updated: 2022-10-19T02:40:41.000Z
- Author: Ed Yardeni
- Tags: Stock Market, Technicals

Since 1928, the S&P 500 fell 1.1% on average during September, by far the worst performance of any month. October, November, and December were up 0.5%, 0.6%, and 1.4% on average (chart). Yes, Virginia, there really is a Santa Claus rally. Apparently, it tends to be even more likely during mid-term election years.

A September 23 [*post*](https://d13h9q04.na1.hubspotlinks.com/Ctc/5E+113/d13h9Q04/VW6ZTw2Q669dW1SZG8m95D9JnW3X6sTS4Rjk-hN1c6srG3q90%5FV1-WJV7CgPmmW1ZhNR64QNRfqW8d-9Hd3rngsbN8pT7yTn7WzlVm84jF5MpXSrW486Z8F8Cgz6cVZ%5FqLF4vbyblW8fd6k-6JspjSW1zPMZ03dpFlpW8mwpVQ3FMXyzW1RLxhC46g0RsW6-L5Zf6J8YjZW7wBBv-6QTFSFW2LTPMF5f-VhHW8P7vv%5F17H9TdVV4qZ96kV49zVQd0tR1TW0gkW39979k6bhLrmW4lvkYj2dnZv3W2vNB9D4NLt20W7FXFFz6MZnYyN4Q63QPnKfDzN859dvzRFnfvW4b0-3B8Xx129W7fy9cj5168pkW2m4w8132Nc39W16Mb8K6cy8wqW3bFLJ55B6KrjW7J0KbW68yx2kW6PZfHF1fVZb%5FW6XDtP-3W-15d32Sn1?ref=yardeniquicktakes.com)on TheStreet reported, "According to the *Stock Trader's Almanac* … September is the worst month for stocks. … Since 1950, October has been the 7th worst month for returns. However, returns are substantially better than usual in mid-term election years, with the S&P 500 and NASDAQ returning 2.7% and 3.1% on average." 

The *Stock Trader's Almanac* writes that October "turned the tide in 12 post-WWII bear markets: 1946, 1957, 1960, 1962, 1966, 1974, 1987, 1990, 1998, 2001, 2002, and 2011."

![](https://storage.ghost.io/c/16/ef/16efc0dd-240f-4f5e-9e01-d619d6fd4fd1/content/images/2022/10/capture-26.jpg)

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