History Says Thanksgiving Gains Could Be in Store for Bulls

Core Viewpoint - The Thanksgiving week is historically bullish for the S&P 500 Index (SPX), with expectations for a positive performance following a volatile week that saw a nearly 2% decline in the index [1][3]. Historical Performance - Over the past 50 years, Thanksgiving week has shown a median return of 0.8%, significantly higher than the overall weekly median return of 0.3% [3][4]. - The SPX has a 70% win-rate during Thanksgiving week compared to a 57% win-rate for all weeks [3][4]. Daily Performance Insights - Each trading day during Thanksgiving week has historically outperformed average returns, with Wednesday showing the highest average return of 0.25% and a 74% positive return rate [4][7]. - In contrast, the average return for other weeks over the past five decades did not exceed 0.07%, indicating that Thanksgiving week presents a unique opportunity for gains [5][8]. Upcoming Influences - The upcoming week will feature earnings reports from companies such as Li Auto (LI), Nio (NIO), Dell Technologies (DELL), HP (HPQ), NetApp (NTAP), and Workday (WDAY), which could impact market movements [8]. - Anticipation surrounding potential rate cuts may also influence market sentiment and performance for the broader market [8].