As President’s Day approaches, it is important to consider the impact that a shortened four-day trading week will have on the stock market. In this article, we will be looking at how the S&P 500 has performed in the past during this holiday and during short trading weeks in general. Additionally, we will be noting individual stocks that have performed especially well or particularly poorly during the week of President’s Day.
Historically, the S&P 500 has not performed well during the week of President’s Day. However, certain stocks stand out from the pack, with electricity stocks being particularly prominent in the list of well-performing stocks. Conversely, several banks have been found to perform poorly in the same time frame.
Interestingly, advanced retail sales have gone up 3.0% during the month of February, as opposed to the expectation that it would only increase by 1.9%. This suggests that the U.S. consumer is maintaining their resilience in the face of inflationary pressures.
In conclusion, it is important to stay informed on stocks that may be particularly affected by the upcoming holiday week. While the S&P 500 may suffer, certain stocks have the potential to outperform expectations.
0. “Should You Buy Stocks During Holiday-Shortened Weeks?” MarketBeat, 15 Feb. 2023, https://www.marketbeat.com/articles/should-you-buy-stocks-during-holiday-shortened-weeks-2023-02-15
1. “Jefferies downgraded this retail stock despite strong retail sales report” Invezz, 15 Feb. 2023, https://invezz.com/news/2023/02/15/american-eagle-outfitters-stock-downgraded-retail-sales-data/