As investors near the finish line and get ready to close the books on another year, the stock market tends to go into cruise control. Last month, I highlighted positive seasonality during the month of December. In that post, I looked at stock market performance around Thanksgiving as well. And that got me thinking: What about Christmas stock market performance? I always assumed that the stock market was quiet around this holiday, but thought we should get some confirmation.
Well, looking at the numbers below, it’s apparent that both the day before Christmas (avg. 0.18% gain) and the day after Christmas (avg. 0.05% loss) have been non-events. Note that I used the S&P 500 for this analysis (data from Yahoo Finance). Trading is thin and investors are likely with family and/or finishing up year-end business. Happy holidays everyone. Trade safe.
Christmas Stock Market Performance: Day Before / After Chart
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