Santa Claus did not visit Wall Street this year, as indicated by a 1.8% decline in the S&P 500 during the traditional rally period. This downturn contrasts sharply with the S&P 500’s impressive 23% gain in 2024 and over 53% growth over two years. Historical analyses suggest that without a Santa rally, average returns fall to 6.5%, compared to 7.5% in years with the rally. Meanwhile, Jefferies upgraded Las Vegas Sands, predicting a 38% upside due to improving conditions in Macau, expected to recover to 2019 levels by 2026, allowing for market share growth.
