Morning Bid: Wall Street on Santa's naughty list

is on course for its third weekly decline and the famed "Santa rally", where the index stages a run-up in the week leading to Dec. 25, hasn't materialised.

Crunching the numbers, the S&P 500 has rallied in the week leading up to Dec. 25 in 65 out of the last 90 years - scant consolation to anyone nursing losses on their portfolio right now.The S&P 500's Santa rally has continued beyond Christmas and into at least the first week in January in 53 out of the last 90 years, according to Reuters calculations.

On average, since 1932, the S&P 500 has returned some 0.4% in any given Santa rally week. That might not seem especially exciting, but historically the index has returned an average of 0.16% every week of the year in the last 90 years, so it's not to be dismissed either.

Tanking Tesla is the Winner again today for a straight 29 days of dropping

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