Event: Thanksgiving Day
Thanksgiving Day is a national holiday in the United States that takes place on the 4th Thursday in November. It dates back to 1621 when the Plymouth colonists and the Wampanoag tribe shared an autumn harvest feast. Or maybe it dates back to 1565 when the Spanish explorer Pedro Menéndez de Avilé invited members of the local Timucua tribe to celebrate their landing in St. Augustine Florida. Whenever its origins truly began, today we celebrate with family and friends eating turkey laced with tryptophan, watching professional football games (excluding the Detroit Lions), and discussing “whataboutism” political views. A fun day will surely be had by all.
The questions is … will the markets once again feast leading up to Thanksgiving Day?
Market Comparision
How do the markets perform leading up to Thanksgiving 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 Thanksgiving Day. Markets highlighted with a checkmark or an “x” should be closely monitored for potential strength or weakness heading into the event.
It should be noted that Turkeys can’t fly all too well … so never throw them out of a hovering helicopter, hundreds of feet in the air, for some ridiculous Thanksgiving Day PR stunt. Ohhhhhhhh the humanity … it won’t end well.
Calendar Breakdown by Events
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