In this episode of This Week in Wall Street History, Todd M. Schoenberger tells the charming origin and meaning of the NYSE holiday tradition: traders gathering on the trading floor to sing “Wait ’Til the Sun Shines, Nellie.” The custom — which dates back to at least 1934 — is sung on Christmas Eve and the trading year’s last day as a ritual of camaraderie, resilience, and a little levity after a long year of markets and mayhem. We’ll cover how the tradition evolved (Art Cashin helped keep it alive in modern times), why floor rituals matter in an increasingly electronic market, and what the song says about Wall Street’s culture through booms, busts, and everything in between.

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