LPL Research Market Signals Podcast

Will Santa Deliver This Year?

LPL Research

December historically has been a good month for stocks, but gains usually have occurred at the end of the month. We look at stocks, some high-profile IPOs, and more on COVID-19 vaccines.

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Optimism over a new stimulus bill and positive developments with COVID-19 vaccines have helped stocks hold up well in the face of worsening COVID-19 trends and weakening jobs data.

IPO forth

Some very high-profile initial public offering (IPO) have occurred this year, and many have soared. Last week Airbnb and DoorDash both delivered spectacular gains. Is this 1999? These are real companies that are making money, but it’s also another sign that sentiment is stretched and is very one-sided.

COVID-19 vaccine news

The Pfizer-BioNtech COVID-19 vaccine was authorized by the US Food and Drug Administration for emergency use, while Moderna’s vaccine is widely expected to be approved as well. However, some other COVID-19 vaccines hit stumbling blocks last week. The LPL strategists discuss the good and bad news but still expect an end to this pandemic in 2021.

Will Santa deliver gains again this year?

Most people know that stocks do well in December, but what most don’t realize is the gains happen late in the month. Although sentiment is frothy, the LPL strategists still think Santa may come and stocks could have one more surge into the end of the year. But going forward, the high level of enthusiasm may be a contrarian warning sign.

Chart - The Second Half of December Brings Santa

Tune in now

Listen to the entire podcast to get the LPL strategists’ views and insights on current market trends in the US and global economies. To listen to previous podcasts go to Market Signals podcast. You can subscribe to Market Signals on iTunesGoogle Podcasts, or Spotify and find us on the LPL Research YouTube channel.




This material is for general information only and is not intended to provide specific advice or recommendations for any individual. There is no assurance that the views or strategies discussed are suitable for all investors or will yield positive outcomes. Investing involves risks including possible loss of principal. Any economic forecasts set forth in the podcast may not develop as predicted and are subject to change.

References to markets, asset classes, and sectors are generally regarding the corresponding market index. All indexes are unmanaged and cannot be invested into directly. Index performance is not indicative of the performance of any investment and do not reflect fees, expenses, or sales charges. All performance referenced is historical and is no guarantee of future results.

Any company names noted herein are for educational purposes only and not an indication of trading intent or a solicitation of their products or services. LPL Financial doesn’t provide research on individual equities. All information is believed to be from reliable sources; however, LPL Financial makes no representation as to its completeness or accuracy.

All index data is from FactSet.

All information is believed to be from reliable sources; however, LPL Financial makes no representation as to its completeness or accuracy.

This Research material was prepared by LPL Financial, LLC. 


For Public Use — Tracking #: 1-05088698 (12/21)