But don’t expect anything big even if he shows up

As we pointed out yesterday, the big Santa effect has been front loaded over the past years (courtesy GS <a href="https://themarketear.com/posts/cAN9Ue2RBh&quot; rel="noopener noreferrer" target="_blank">here</a>), but there is one last possible final push higher for the believers of the Santa rally. Last 20 years has seen a move higher in SPX starting around now, but to be truthful, the moves aren't huge.