--- title: Is Santa (Rally) Real? - Burney Investment Management description: You may have heard of a long documented market phenomenon, aptly called the Santa Claus Rally, referring to the markets history of outsized returns during the last five days of the year and the first two days of the New Year. During this time frame, the market rises 77% of the time with an average ... --- [Skip to content](https://burneyinvest.com/blog/is-santa-rally-real#main-content) [![Burney Investment Management](https://burneyinvest.com/hs-fs/hubfs/theme/Burney_Invest_Color_Horizontal_%232b.png?width=300&height=110&name=Burney_Invest_Color_Horizontal_%232b.png "Burney Investment Management")](https://burneyinvest.com/) - About - [Company Overview](https://burneyinvest.com/about) - [Burney Difference](https://burneyinvest.com/the-burney-difference) - Strategies - [Size & Style Responsive](https://burneyinvest.com/strategies/size-style-responsive-ssr/) - [The Burney Master Portfolio](https://burneyinvest.com/strategies/the-burney-master-portfolio/) - [Personalized Portfolios](https://burneyinvest.com/strategies/personalized-portfolios/) - [Stock Selection](https://burneyinvest.com/strategies/stock-selection/) - [Team](https://burneyinvest.com/team) - [Resources](https://burneyinvest.com/blog) - [Get In Touch](https://burneyinvest.com/contact) 12.24.2015 # Is Santa (Rally) Real? [Andy Pratt, CFA](https://burneyinvest.com/blog/author/andy-pratt-cfa) ![](https://20453469.fs1.hubspotusercontent-na1.net/hubfs/20453469/Theme/dots_y4.svg) ##### Popular Posts [How to Read VIX and VIX Term Structure](https://burneyinvest.com/blog/how-to-read-vix-and-vix-term-spread) [What Happened in the Stock Market Yesterday?](https://burneyinvest.com/blog/what-happened-in-the-stock-market-yesterday) [Performance Matters - 7 Steps Toward More Effective Investing](https://burneyinvest.com/blog/performance-matters-7-steps-toward-more-effective-investing) You may have heard of a long documented market phenomenon, aptly called the Santa Claus Rally, referring to the markets history of outsized returns during the last five days of the year and the first two days of the New Year. During this time frame, the [market rises 77% of the time with an average return of 1.7%](http://finance.yahoo.com/news/heres-know-called-santa-claus-164252862.html). No one really knows why this pattern exists; though some attribute it to year-end portfolio tax related adjustments, vacations and plain old holiday optimism. The amazing thing is, despite being known for decades, the rally continues to persist. It seems in good and bad years alike, the year ends with a bang. ![Santa_Rally](https://burneyinvest.com/hs-fs/hubfs/Imported_Blog_Media/Santa_Rally.png?width=497&height=343&name=Santa_Rally.png) Unfortunately, the rally is much more muted in years with lower returns. Using the nearly flat 2015, the regression equation (removing years in which the market sold off by 10% or more) predicts no rally in 2015/2016. ![Santa_Rally_Straight_Line](https://burneyinvest.com/hs-fs/hubfs/Imported_Blog_Media/Santa_Rally_Straight_Line.png?width=500&height=269&name=Santa_Rally_Straight_Line.png) While this may not be the year to take advantage of the Santa Claus Rally, there will be opportunity in the future. Something to keep in mind in 2016. --- *The Burney Company is an SEC-registered investment adviser. Burney Wealth Management is a division of the Burney Company. Registration with the SEC or any state securities authority does not imply that Burney Company or any of its principals or employees possesses a particular level of skill or training in the investment advisory business or any other business. Burney Company does not provide legal, tax, or accounting advice, but offers it through third parties. Before making any financial decisions, clients should consult their legal and/or tax advisors.* ## Articles you may enjoy 08.25.15 #### [A Message from our President: Mid-August Correction](https://burneyinvest.com/blog/mid-august-correction) [![](https://20453469.fs1.hubspotusercontent-na1.net/hubfs/20453469/Theme/circle_right.svg)](https://burneyinvest.com/blog/mid-august-correction) 10.05.15 #### [September 2015 Market Update](https://burneyinvest.com/blog/blog/september-2015-size-style-sector-update) [![](https://20453469.fs1.hubspotusercontent-na1.net/hubfs/20453469/Theme/circle_right.svg)](https://burneyinvest.com/blog/blog/september-2015-size-style-sector-update) 10.15.15 #### [These 6 Charts Show Why the U.S. is Not Heading for a Recession](https://burneyinvest.com/blog/us-not-heading-towards-recession) [![](https://20453469.fs1.hubspotusercontent-na1.net/hubfs/20453469/Theme/circle_right.svg)](https://burneyinvest.com/blog/us-not-heading-towards-recession) ![](https://burneyinvest.com/hubfs/theme/burney-invest-logo-white-1-1.png) - [Size & Style Responsive](https://burneyinvest.com/strategies/size-style-responsive-ssr/) - [Burney Master Portfolio](https://burneyinvest.com/strategies/the-burney-master-portfolio/) - [Personalized Portfolios](https://burneyinvest.com/strategies/personalized-portfolios/) - [Stock Selection](https://burneyinvest.com/strategies/stock-selection/) - [About](https://burneyinvest.com/about) - [Team](https://burneyinvest.com/team) - [Resources](https://burneyinvest.com/blog) - [Contact](https://burneyinvest.com/contact) **Headquarters** 1800 Alexander Bell Dr. STE 510 Reston, VA 20191 Advisory services are offered through the Burney Company, an investment advisor registered with the U.S. Securities & Exchange Commission. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the advisor has attained a particular level of skill or ability. © 2026 Burney Wealth Management | [Research](https://burneyinvest.com/research) | [Privacy Statement](https://burneyinvest.com/privacy-policy) | [Terms & Conditions](https://burneyinvest.com/terms-and-conditions) | [Disclosures](https://burneyinvest.com/disclosures) | [ADV](https://44214779.fs1.hubspotusercontent-na1.net/hubfs/44214779/Burney%20Company%20ADV%20Part%202A%20IM%2026%20REV.pdf) | [Form CRS (ADV Part 3)](https://44214779.fs1.hubspotusercontent-na1.net/hubfs/44214779/Burney%20Company%20Form%20CRS_March%202026.pdf) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Andy Pratt, CFA", "url" : "https://burneyinvest.com/blog/author/andy-pratt-cfa" }, "dateModified" : "2024-04-03T17:29:10.315Z", "datePublished" : "2015-12-24T18:19:37.000Z", "headline" : "Is Santa (Rally) Real? - Burney Investment Management", "mainEntityOfPage" : { "@id" : "https://burneyinvest.com/blog/is-santa-rally-real", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://burneyinvest.com/hubfs/theme/Burney_Invest_Color_Horizontal_%232b.png" } } } ```