Wednesday, December 4, 2024 | Source:
December is shaping up to be a promising month for the stock market. That’s the prediction from analyst Corné van Zeijl of Cardano, who shared his insights during a recent appearance on a financial news program.
“There’s a high probability of a Santa Claus rally this year,” Van Zeijl stated. ” Statistically, a rally in the last month of the year occurs seven out of ten times.”
The S&P 500 index has already enjoyed a phenomenal November, and Van Zeijl suggests that the AEX may follow suit in December.
A monthly survey conducted by Van Zeijl among investment experts also suggests bullish sentiment towards December. A significant 48% of experts anticipate a market rise, compared to only 18% who predict a downturn. “That’s quite a wide gap,” Van Zeijl noted. “We don’t see such a significant difference in opinion very often.”
Top Picks and Stocks to Avoid
When it comes to December, Van Zeijl recommends investors consider the tech sector. “Tech is where it’s at again for December,” he said. Based on the experts’ analysis, ASMI, Adyen, and particularly ASML are suggested as strong contenders.
On the other hand, ArcelorMittal is a stock experts are advising against. “That name comes up repeatedly,” Van Zeijl noted, while adding that Philips is also generally avoided.
Do you agree with Corné van Zeijl’s prediction of a strong December for the stock market?
**Host:** Corné van Zeijl is predicting a strong December for the stock market, citing historical trends and a recent survey of investment experts. He’s particularly bullish on the tech sector, recommending stocks like ASMI, Adyen, and ASML. But he’s advising investors to steer clear of ArcelorMittal and Philips.
What do you think, viewers? Are you convinced by Van Zeijl’s analysis? Do you believe we’re set for a Santa Claus rally, or is this just wishful thinking in the face of ongoing economic uncertainty? Share your thoughts in the comments below.
