With Thanksgiving right around the corner, USA Today published an article looking at the historical returns of the S&P 500 in the days surrounding the holiday. Regardless of the time frame you analyze, Thanksgiving week has traditionally been bullish for US stocks.
Over the last 68 years, this week the S&P 500 has averaged a gain of 0.64% with positive returns 67% of the time. Looking ahead, between Turkey Day and December 31st the S&P 500 has ended higher 70% of the time with an average gain of 1.77%.
On a personal note, as we all reflect Thursday on that for which we are grateful, I offer my thanks to my clients and subscribers for your business and wish you a joyous holiday season.
♦ Please note that my readings will change without notice, so please don’t buy or sell solely based on anything you read in this blog. ♦