It’s only about five weeks until 2016. Stock market performance history shows these are typically good days for the Dow and S&P 500 – but this year could be different…
According to the Stock Trader’s Almanac, the S&P 500 has averaged a 2% gain from Thanksgiving through the end of the year. The broad-based benchmark has been higher roughly 70% of the time, rising in 46 of those 65 periods.
However, if the S&P 500 ends today in the red year to date, its performance for the rest of the year has historically deteriorated. It averages a 1.8% dip through the remainder of the year, according the Almanac. That has occurred 22 times over the last 65 years. The index has been higher 64% of the time.
Heading into this Thanksgiving holiday, as of mid-day Wednesday, the index is up 1.55% for the year. The Dow is up 0.12%.
This post was published at Wall Street Examiner by Diane Alter ‘ November 25, 2015.
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