This pullback triggered a large-scale liquidation and reduced market leverage ๐๐ฅ. Meanwhile, Christmas ๐โจ is just around the corner, and the global market might welcome a festive "Christmas rally" ๐๐ . The "Christmas rally" refers to the last five trading days of the year and the first two trading days of the New Year ๐๐. Historically, the US stock market has shown a positive trend during these seven days ๐๐.