Here’s your investing guide to retail stocks after Black Friday and Cyber Monday
You should ignore the initial reports about the success of retailers’ Black Friday and Cyber Monday sales events. In fact, if you’re a gutsy contrarian investor, you should consider betting that retail stocks will rise for the next several weeks if they decline over the two post-Thanksgiving trading sessions.
The stock market’s post-Thanksgiving tendencies are summarized in the table below, based on the performance of the S&P Retail Select Index XX:SPSIRE since December 1999, when the index was created. Particularly striking is the retail stocks’ performance until Christmas if the sector falls over the first two post-Thanksgiving trading sessions.
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S&P Retail Select Index… |
Average S&P Retail Select Index… |
