Preparing for President’s Day: Examining the Impact of a Shortened Trading Week on the S&P 500 and Individual Stocks
By 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.[0] Additionally, we will be noting individual stocks that have performed especially well or particularly poorly during the week of President’s Day.[0]
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.[0] 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.[1]
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/
