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Stock Returns Around New Year's Day

TedTed
in The Bullpen
FYI: Does the New Year’s Day holiday, a time of replanning and income tax positioning, systematically affect investors in a way that translates into U.S. stock market returns? To investigate, we analyze the historical behavior of the S&P 500 Index during the five trading days before and the five trading days after the holiday. Using daily closing levels of the S&P 500 Index around New Year’s Day for 1951-2014 (64 observations), we find that:
Regards,
Ted
http://www.cxoadvisory.com/4395/calendar-effects/stock-returns-around-new-years-day/
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