Side dishes aren’t the only reason to get excited during Thanksgiving dinner, especially if you’re an investor in US-listed stocks.
The S&P 500 has ended the November holiday-shortened week with a gain three-quarters of the time going back to 1961, with an average and median advance of 0.3%, according to Yahoo Finance data and calculations.
In fact, for the entire week the S&P 500 has been positive two-thirds of the time, allowing investors to gobble up a median gain of 0.75%.
Energy stocks performed best during the period, posting median gains of 1.5% with a gain 74% of the time since 1999, followed closely by materials, tech, consumer discretionary, and communication services.
Financials, however, have fared the worst, up just 0.2% with a win rate of 57%, followed by utilities, healthcare, real estate, and industrials.
Meanwhile, November to January has historically been the best consecutive three-month span of the year.
Since 1950, the S&P 500 is up nearly 80% of the time from the Tuesday before Thanksgiving through to the second trading day of the new year, posting an average gain of 2.57%.
Contact Sean at sean@proactiveinvestors.com