Event: Spring Daylight Saving Time
The clocks move forward one hour on the second Sunday in March beginning Daylight Saving Time. This adjustment will mean more light in the evening, slowly over time. Now Benjamin Franklin is sometimes credited with the invention of daylight saving time but we know better. The true mastermind of daylight saving time was George Vernon Hudson (1867-1946). He proposed in 1895 to the Royal Society of New Zealand to change the clocks in Spring to allow for more daylight hours during the summer months. In the Fall, the clocks would adjust back to standard time, thus ending the adjustment made in Spring.
To remember how daylight saving time works … think Spring forward Fall back. The net result is, in the Spring we spring forward, losing an hour and in the Fall we fall back, gaining an hour.
The questions is … are the markets positively or negatively influenced leading up to spring daylight saving time?
Market Comparision
How do the markets perform leading up to Spring Daylight Saving Time? 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 Spring Daylight Saving Time. 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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