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S&P 500 Could Hit 1850 During Santa Claus Rally

Keith Bliss of Cuttone & Co. says with three trading days left in 2013, momentum from the Santa Claus rally could move the S&P 500 past 1850.

Markets are trading higher on typical light holiday-season volume. Keith Bliss, senior vice president at Cuttone & Co. says with three trading days left in 2013, momentum from the Santa Claus rally could move the S&P 500 past 1850. Bliss expects the momentum to continue into 2014 as new retail and institutional investor money moves into equity markets, the so-called "January effect."

This article was written by a staff member of TheStreet.

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