The Thanksgiving Rally May Not Be a Feast This Year
For myself and many of you, Thanksgiving is a time to gather with family and friends, eat an overabundance of food, and see a corresponding increase to our waist size. But more importantly, we gain an appreciation for the things we are blessed to have. Ordinarily, the market also sees some nice increases and gains around Thanksgiving. Historically, since just after World War II, the week of Thanksgiving has seen a lift in the market 75% of the time since 1945.
There is, however, a caveat that indicates this year’s holiday may not deliver the feast that we’ve become accustomed to on Wall Street.
Inaction could be dangerous (you’ll want to act now)
In the last 72 years, if you look at the data regarding the performance of the S&P 500, on years in which the year-to-date price is up less than 5% (as it is this year), Thanksgiving week has been flat. In fact, those years have actually seen more down Thanksgiving weeks than up.
But happily for all of us, the year doesn’t end in November…
There’s actually a unique “silver lining” for years with a flat Thanksgiving market, as I’m about to show you.
Just click below to watch…