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Friday, December 21, 2018 1:39:56 PM
Day Before Christmas: Tech and Small-Caps Best
By: Almanac Trader | December 21, 2018
For decades we have been tracking the market’s performance around holidays in the annual Stock Trader’s Almanac. In the 52nd edition for 2019, data for DJIA, S&P 500, NASDAQ and Russell 2000 can be found on page 88. Of the eight holidays tracked, Christmas has been one of the most consistently bullish with respectable average gains occurring on the day before. Small-caps, measured by the Russell 2000 have been up 74.2% of the time on the day before Christmas with an average gain of 0.37% since 1987. NASDAQ is second best, up 67.7% of the time with an average gain of 0.42%. DJIA and S&P 500 have been softer with gains 61.3% and 58.1% of the time respectively. Volatility also tends to be subdued ahead of Christmas as well as the worst decline recorded by any of the four indexes was 0.69% by NASDAQ in 1997. NASDAQ also had the best day before performance, up a staggering 7.56% in 2000. The market did not get exactly what it was looking for from the Fed, but perhaps a pause in trading, to celebrate Christmas, will have some positive impact.
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By: Almanac Trader | December 21, 2018
For decades we have been tracking the market’s performance around holidays in the annual Stock Trader’s Almanac. In the 52nd edition for 2019, data for DJIA, S&P 500, NASDAQ and Russell 2000 can be found on page 88. Of the eight holidays tracked, Christmas has been one of the most consistently bullish with respectable average gains occurring on the day before. Small-caps, measured by the Russell 2000 have been up 74.2% of the time on the day before Christmas with an average gain of 0.37% since 1987. NASDAQ is second best, up 67.7% of the time with an average gain of 0.42%. DJIA and S&P 500 have been softer with gains 61.3% and 58.1% of the time respectively. Volatility also tends to be subdued ahead of Christmas as well as the worst decline recorded by any of the four indexes was 0.69% by NASDAQ in 1997. NASDAQ also had the best day before performance, up a staggering 7.56% in 2000. The market did not get exactly what it was looking for from the Fed, but perhaps a pause in trading, to celebrate Christmas, will have some positive impact.
Read More »»»
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