Event: Event Cinco de Mayo – May 5th
Cinco de Mayo (Fifth of May), is a celebration of Mexican heritage. It commemorates the date of the Mexican army’s victory over France at the Battle of Puebla in 1862. It is not, as many believe, a celebration of Mexican independence, which actually took place in September 1810, more than 50 years prior to the Battle of Puebla. In the U.S., Cinco de Mayo features parades and parties including Mariachi bands, dancing, Mexican and Mexican-American cuisine, costumes, and a whole lot of Mexican beer.
The questions is … will that markets take a siesta or party on, in the days leading up to Cinco de Mayo?
Market Comparision
How do the markets perform leading up to and including Cinco de Mayo? The analysis table below breaks down each of the 30+ markets into four separate trading periods. These time frames span 6-days, 4-day, 2-days, and the event day itself. The return performance for each time frame is measured against its normal performance during the year to calculate a final over or underperformance return. This metric quantifies, in percentage points, the advantages or disadvantages associated with Cinco de Mayo. Markets highlighted with a checkmark or an “x” should be closely monitored for potential strength or weakness heading into the event.
Calendar Breakdown by Events
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