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As the 2020 comes to a close, Wall Street is watching for a possible Santa Claus Rally. Historically, stocks tend to rise during the last 5 trading sessions of the calendar year, with this rally continuing until the second trading day of the new year.
Read MoreTop Wall Street analysts recommend these buys before this year comes to a close
Stocks are once again at record high levels — with the S&P 500 now up over 21% on a one-year basis. That’s following Fed Reserve Chair Jerome Powell’s more-relaxed inflation targeting strategy, impressive second quarter earnings and encouraging Washington-Beijing trade talk progress.
Read MoreWall Street’s top analysts say stocks like Apple & Square will surge higher