The Stockholm Stock Exchange is experiencing a notable upward trend, marking its seventh consecutive day of gains, the longest winning streak of the year. Market expert Karl Hedberg anticipates that the OMXS30 index, which tracks the 30 largest companies on the exchange, may reach a new record before the end of 2024. This surge is being associated with the traditional 'Santa Claus rally,' a phenomenon where stock prices often rise in the last week of December and the first two trading days of January. Despite the optimistic outlook, some analysts are cautioning that current market valuations are at extreme levels, suggesting that a correction may be imminent amid a growing appetite for riskier assets.