By Saumen Chattopadhyay via Iris.xyz
Every major holiday comes with its classic color scheme.
Every year around Christmas, the world gets merry with sparkling Red and Green hues. Arielle Eckstut, the co-author of Secret Language of Color says, “It solidified in our collective imaginations the Red of Santa’s robes with the Green of fir trees and holly and pointsettia that we already had in our minds. … This particular shade of Red and Green came to signify Christmas.”
However, the hue of Green seems to be missing from the market this December.
In the last 44 years, there were only 11 Decembers or 25% of the time, when the S&P 500 Total Return Index turned Red in the festive month of December, with the maximum hue in December of 2002 with a return of -5.87%. In comparison, the month-to-date return of the index as of December 19, 2018 stood at -9.07%. This December can claim to be the worst December in the last 44 years. Now, there were only 3 (1974, 1981 and 2002) out of 44 years, or only about 7% of the time, when a Red December also brought a negative year for S&P 500. There is still a likelihood…or hope not, that 2018 will be the 4th in the history of 44 years. Does this look blazing? Indeed!
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