Event: Earth Day
Earth Day was created by Senator Gaylord Nelson to bring attention to environmental problems. The first Earth Day was celebrated on April 22, 1970. It purposefully fell between spring break and final exams in the hope that college students would participate. Since that time, Earth Day has helped to inspire the United States Environmental Protection Agency (EPA), as well as the Clean Air, Clean Water, and Endangered Species act.
The questions is … do the markets flourish heading into Earth Day?
Market Comparision
How do the markets perform leading up to and including Earth Day? 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 Earth Day. 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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