How the ‘buy Yom Kippur sell Rosh Hashana’ trading theme is playing out in the stock market in 2021

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

It may be a quirk of seasonality or investing folklore. Either way, the investing strategy known unofficially as a “Sell Rosh Hashana, Buy Yom Kippur” often...

It may be a quirk of seasonality or investing folklore. Either way, the investing strategy known unofficially as a “Sell Rosh Hashana, Buy Yom Kippur” often adheres to a common pattern, where markets slump in September, only to gain some traction higher in October, followed by a better seasonal trading period in November.

“It appears to be evidence based … and you can correlate it to traffic around the New York area,” Hirsch said. Adding to market weakness this season is that Rosh Hashana followed Labor Day, contributing to lower volumes over several sessions, since markets were closed last Monday in observance of the federal U.S. holiday.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

This year is shmittah too :[]

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 3. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Intuit to buy email marketing company Mailchimp for $12 billion in cash and stockIntuit is purchasing popular automated email and marketing platform Mailchimp for $12 billion.
Källa: CNBC - 🏆 12. / 72 Läs mer »