Santa Claus Rally • Strong Holiday Spending • Week Ahead

December 27, 2021 | Hoya Capital

Santa Claus Rally • Strong Holiday Spending • Week Ahead Daily Recap Dec 27 Written By Summary U.S. equity markets advanced for the fourth-straight day Monday as recent high-frequency spending data has indicated that U.S. consumers were largely unfazed by the Omicron outbreak during the Holiday season. Setting its 69th record closing high of 2021, the S&P 500 advanced 1.4% today while the Mid-Cap 400 gained 1.2% and the Small-Cap 600 climbed 1.4%.

Real estate equities were broadly higher today as well with the Equity REIT Index gaining 1.6% with all 19 property sectors in positive territory while the Mortgage REIT Index advanced 0.3%. Mastercard reported that holiday spending rose 8.5% from a year earlier, TSA data showed a strong Holiday week of domestic travel, and perhaps most notably, Spiderman set new box office records with over $1B in revenues. The economic calendar slows down in the New Year holiday-shortened week ahead, highlighted by Case Shiller Home Price data on Tuesday and Pending Home Sales data on Wednesday.

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U.S. equity markets advanced for the fourth-straight day Monday as recent high-frequency spending data has indicated that U.S. consumers were largely unfazed by the Omicron outbreak during the Holiday season. Setting its 69th record closing high of 2021, the S&P 500 advanced 1.4% today while the Mid-Cap 400 gained 1.2% and the Small-Cap 600 climbed 1.4%. Real estate equities were broadly higher today as well with the Equity REIT Index gaining 1.6% with ...