Stocks rally in month after GOP conventions -study
Stocks rally in month after GOP conventions -studyWednesday August 25, 4:24 pm ET
NEW YORK, Aug 25 (Reuters) - When Republicans gather in New York next week for their quadrennial convention, stock market investors might look for profits in the month that follows, according to a study of historic market trends over 68 years.
A group of trading strategists at Credit Suisse First Boston studied changes in the Standard & Poor's 500 index (CBOE:^SPX - News) before, during and after the last 18 GOP conventions.
Their findings: investors would have done well by owning stocks during the month after the convention. The S&P 500 performed 1.2 percent above average during the month after the political gathering concluded.
"If these averages are consistent with the 2004 Republican conventions, it may prove profitable to...buy equities on any weakness noted during or just after the convention next week," the report found.
http://biz.yahoo.com/rf/040825/markets_stocks_conventions_1.html
0 Comments:
Post a Comment
<< Home