are we going to get the usual stock market rally over xmas

my vanguard 60/40 world index finished up 10.40% on the year

pound -cost - ave monthly

visual history of dow 1876 - 2016


https://mobile.twitter.com/WSJ/status/814529854272114688/photo/1

Still rising but for how long?

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Today's trading session definitely confirmed it for me.

No sleep til 6400 for the FTSE100

That's 10% lower than today.

No santa rally this year!

The FTSE lost 4.8% in December.

Even the normally more reliable December options expiry week saw the FTSE lose .75%

If the market follows last year, all of the gains to date will be wiped out and more by the end of the year followed by a big rally in the first 3 months of next year but politics will continue to intervene.

Tory win: end of Jan ftse 7500, no overall maj: 6800, Labour Majority: 5000.

The santa rally has been a no-show so far this December:

FTSE 100 up 0.1%

S&P 500 is doing better up 0.9%


Monday sees the start of options expiry week (expiry: Friday) which as mentioned above can be the week that kicks the rally off.

Closing prices Friday were:

FTSE 100 : 7353

S&P 500 : 3171


Futures are already pointing to a strong opening for the FTSE on Monday

Apologies. Closing prices should be:

FTSE 100 : 7353.44

S&P 500 : 3168.80

It took 2 trading days to get the ftse above 7500 and the 250 is flying again today. Who said that a certain Brexit would be a disaster? The fear of Corbyn was a black cloud and the US China talks are another. Plenty of upside still. My fairly modest portfolio is up £5000 already and the trust funds will revalue tomorrow.

Close on Friday:

FTSE 100:  7582.48

S & P 500: 3221.22


So options expiry week saw gains of 3.15% for the FTSE and 1.65% for the S&P 500. Not bad.

Presumably, the bigger gain for the FTSE was partly caused by a Corbyn relief rally.

I was expecting a bigger fall this morning after the Iran situation developed. I can see 500 points off the FTSE this week.