Santa Claus Rally
A surge in the price of stocks that often occurs in the week between Christmas and New Year's Day. There are numerous explanations for this phenomenon, including tax considerations, happiness around Wall Street, people investing their Christmas bonuses and the fact that the pessimists are usually on vacation this week.

Investopedia Says:
Many consider the Santa Claus rally to be a result of people buying stocks in anticipation of the rise in stock prices during the month of January, otherwise known as the January effect.

Related Terms:
Behavioral Finance
Boston Snow Indicator
Christmas Club
Christmas Tree
January Effect
Rally
Technical Rally

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