Week of 11/20-11/24 Stock Market Extends Gains into Thanksgiving Holiday

Short week for the stock market this week due to the Thanksgiving Holiday. Stocks closed higher on Wednesday, marking a strong continuation of the current bull rally we have experienced during November caused mainly by the FED not raising interest rates on the last FOMC meeting. Historical stock market behavior during Thanksgiving has shown a consistent trend of being positive for stock investors. Thanksgiving typically falls on the fourth Thursday of November, and historically, the stock market has experienced a phenomenon known as the "Thanksgiving rally." This rally refers to a period of sustained upward movement in the stock market that occurs in the days leading up to and following the Thanksgiving holiday. This trend is believed to be influenced by several factors, including increased consumer spending during the holiday season, positive market sentiment, and the anticipation of year-end portfolio adjustments by fund managers. It's important to note that while the Thanksgiving rally has been observed in the past, it does not guarantee future stock market performance. Market conditions can vary significantly from year to year, and other economic and geopolitical factors can impact stock market behavior during this time. Therefore, investors should always exercise caution and conduct thorough research before making any investment decisions.

Our team at Tradeknow wishes everyone a Happy Thanksgiving!