November and December historically strong for the market
- Stocks are up in the ‘home stretch’ of 2023
- Equities historically perform well in the week after Thanksgiving
- November and December have historically been strong months for the market
- S&P 500 has soared 18.7% this year
- S&P 500 on track for its strongest monthly performance of 2023
- Post-Thanksgiving week tends to finish with a small gain
- S&P 500’s median gain during the current trading week has been 0.44% in the last 20 years
- S&P 500 is rebounding from a rough 2022
- Economic calendar is light to start the week
U.S. stocks are up in 2023 as they head into the typically favorable ‘home stretch’ of the year. Equities tend to rise the week after Thanksgiving, with November and December historically being strong months for the market. The S&P 500 has soared 18.7% this year, including an 8.7% jump in November, making it the strongest monthly performance of 2023. The post-Thanksgiving week usually finishes with a small gain as the calendar transitions to the holiday season. In the last 20 years, the S&P 500 has seen a median gain of 0.44% during this trading week. This year’s rebound comes after a rough 2022, where the S&P 500 tumbled 19.4%. The economic calendar is light to start the week, with Monday’s sole report being fresh data on new-home sales.
Factuality Level: 7
Factuality Justification: The article provides information about the historical performance of the U.S. stock market during the post-Thanksgiving week and the overall performance of the S&P 500 in 2023. The data and statistics mentioned are based on FactSet and Bespoke Investment Group. However, the article lacks in-depth analysis and context, and there is no mention of any potential risks or factors that could affect the market’s performance. Overall, the article provides some factual information but lacks comprehensive coverage.
Noise Level: 3
Noise Justification: The article provides information on the historical performance of the stock market during the post-Thanksgiving week and the overall performance of the S&P 500 in 2023. It also includes data on new-home sales. However, the article lacks depth and analysis, and it mainly focuses on short-term market trends without providing any actionable insights or exploring the consequences of these trends.
Financial Relevance: Yes
Financial Markets Impacted: U.S. stocks
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article discusses the performance of U.S. stocks heading into the end of the year, indicating financial relevance. However, there is no mention of any extreme events or their impact.
Public Companies: Bespoke Investment Group (null), S&P 500 (SPX), FactSet (null), Federal Reserve (null), Census Bureau (null), Department of Housing and Urban Development (null), Dow Jones Industrial Average (DJIA), Nasdaq Composite (COMP)
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