The week leading up to Christmas typically sees lighter trading volumes, but this year's looking different. Fresh employment figures from the new administration have stocks catching bid across the board, sparking renewed optimism around the so-called Santa Claus Rally—that year-end push where markets tend to climb heading into the New Year.

It's a classic pattern: thinner order books + positive macro data = amplified moves. When there's less liquidity in the market, even modest buying pressure can shift sentiment significantly. The jobs numbers came in better than expected, giving risk assets a reason to break higher.

For traders watching crypto-correlated equities and macro sentiment, this is the kind of environment where a little bit of good news can snowball into broader momentum. December positioning often plays a role—fund redemptions, year-end rebalancing, and retail positioning all stack together. Add solid economic prints to the mix, and you get the setup for a genuine rally attempt.

Will it hold through year-end? That depends on whether we see follow-through buying or if profit-taking kicks in. But right now, the tape's saying risk-on, and that holiday season boost in sentiment might have more runway than usual.