Welcome to Seeking Alpha's Wall Street brunch, our Sunday look ahead to this week's

market-moving events, along with the weekend's top news and analysis.

Hello, today is Sunday December 21st, and I'm your host, Kim Kahn.

It's the most wonderful time of the year for stock market bulls.

Here comes Santa Claus right down Maiden Lane, then left on NASA, heading straight for Wall and Broad. The Santa Claus

rally, the last five trading days of December and the first two of January, is set to kick off on

Wednesday, with the markets closing early for Christmas Eve, and shut on Thursday for Christmas.

Historically, the S&P 500 has been a higher 77% of the time during the Santa Rally, according

to Subu trade.

They note that the last two years were negative, but there's never been a third straight

down Santa Rally time.

Alexander Giuliano, CIO at Resident Wealth Partners, says despite choppy trading over the past six weeks,

the backdrop remains strong, and the recent valuation pullback is creating opportunities for

underinvested bulls. So far in December, the S&P is slightly lower, the NASDAQ is down about

0.25%, and the Dow is up 1%. For the year, the SMT is up 16%, the NASDAQ 21% and the Dow is up 1%. For the year, the SMP is up 16%,

the NASDAQ 21%, and the Dow 13%.

The earnings calendar is light, but traders won't be bored.

The key data point is the Q3 GDP report on Tuesday.

Wells Fargo says, while the headline number may be stale, the details matter.

They're expecting 3.6% annualized growth,

boosted by a pullback in imports. Consumers rebounded strongly in the second half of the year,

though construction remains a drag. In the news this weekend, Bill Ackman floated a novel idea

...