FYI: Investors might have another thing to worry about at the Thanksgiving dinner table this year, besides having to eat all that food.
Two days into the week, both the Dow Jones Industrial Average and S&P 500 have had their worst start to Thanksgiving week since 1973. The S&P 500 is currently down 3.45% for the week. Forty-five years ago, it fell 5.03%.
Historical data suggest it might not get any better for the rest of the week.
In the 35 years following 1952, the Dow always saw positive returns from the Wednesday before Thanksgiving to the Friday after, except for two years: 1964 and 1965.
Since 1988, however, the index has gained only 18 out of 30 times during those two days—just a little better than a coin flip.
Regards,
Ted
https://www.barrons.com/articles/the-distress-of-thanksgiving-week-might-be-just-starting-1542759775?mod=hp_DAY_1
