CNBC’s Jim CramerAccording to him Tuesday, there is still a Santa Claus rally despite all the Covid cases that have been spiking during the holidays.

Cramer said that the seasonal stock market phenomena has always started at this time and continued until the beginning of the new year. He used a longer period for Santa Claus rallies.

The market analyst Larry Williams’ work is cited in the following: “Mad Money”The host stated, “It is uncanny” just how frequently this trend has succeeded. It’s hard to oppose something that has been successful every time it’s brought you money.

Cramer tweets early Tuesday, “Historically today is when the Santa Claus rally begins.” It worked even during 2007-2009. It is therefore hard to deny.”

Stay tuned! “Squawk Box,”Cramer explained that if you buy today and hold on for 6 days you will make money nearly every year. Cramer said, “It’s a short-term deal, but you start to get into positive seasonality January.”

January has been an historically strong month in the stock market. This is a reminder of the Wall Street old adage “As goes January so goes the Year.” But, there are some things that you should know. S&P 500The year was not ruled by January’s 1.1% drop in 2021. Santa Claus rally or no, this year’s prospects for great gains are excellent, barring significant declines. As of Tuesday morning 2021, there were a total of Dow Jones Industrial Average was up 15.3%; the S&P 500 gained 22.4% and the Nasdaq CompositeIt was 17% higher

U.S. stocks were up Tuesday in an attempt to end their three-session losing streak. Cramer stated, “What’s fascinating is that this downturn has been followed by the Santa Claus rally which would indicate that the downturn will now be over.” For the month of December, the Dow is up 2.4%; the S&P 500 is up 0.7%; and the Nasdaq is down 2.8%.

Notable is the debate that Wall Street has about the date when the Santa Claus rally usually begins. According to Stock Trader’s Almanac it actually takes place during December’s last five trading sessions and January’s first two sessions. No-show Santas at Wall Street are more common than rough times for stocks. This trend was discovered by The Stock Trader’s Almanac in 1972.

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