The End Of Monday Blues? New Data Reveals Shift In Stock Market Patterns
Portfolio Pulse from Surbhi Jain
The traditional 'Weekend Effect' in the stock market, which implied lower returns on Mondays compared to preceding Fridays, seems to be dissipating. Over the last six months, the stock market experienced gains on 20 out of 24 Mondays. The S&P 500 Index (SPX), Dow Jones Industrial Average (DJIA), and NASDAQ-100 (NDX) closed positive 83.33%, 66.67%, and 91.67% of the time on Mondays, respectively.
November 03, 2023 | 1:07 pm
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POSITIVE IMPACT
The SPDR Dow Jones Industrial Average ETF (DIA) could see a positive impact as the 'Weekend Effect' dissipates and Mondays become more profitable.
As the Dow Jones Industrial Average has shown positive returns on 66.67% of Mondays over the past six months, ETFs tracking this index, such as DIA, could see increased interest and potential gains.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The Invesco QQQ Trust Series I (QQQ) could see a positive impact as the 'Weekend Effect' dissipates and Mondays become more profitable.
As the NASDAQ-100 has shown positive returns on 91.67% of Mondays over the past six months, ETFs tracking this index, such as QQQ, could see increased interest and potential gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
The SPDR S&P 500 ETF Trust (SPY) could see increased interest as the 'Weekend Effect' dissipates and Mondays become more profitable.
As the S&P 500 Index has shown positive returns on 83.33% of Mondays over the past six months, ETFs tracking this index, such as SPY, could see increased interest and potential gains.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80