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A fascinating FRBNY study shows nearly all of the S&P 500's return since 1994 has been...

A fascinating FRBNY study shows nearly all of the S&P 500's return since 1994 has been earned in the 24 hours prior to scheduled FOMC announcements (which occur just 8 times per year!). Going further, excluding the 3-day window before and after scheduled FOMC announcements yields a flat S&P over the last 28 years.
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Comments (5)
  • buyitcheap
    , contributor
    Comments (1901) | Send Message
     
    WOW - don't fight the Fed y'all.
    11 Jul 2012, 09:47 AM Reply Like
  • minecanary
    , contributor
    Comments (593) | Send Message
     
    And since we know the Fed leaks the news to it's closest friends, it is no surprise to see who has made money and who gets slipped the sausage.
    11 Jul 2012, 09:51 AM Reply Like
  • A Newell
    , contributor
    Comments (503) | Send Message
     
    Ah...sausage and peppers!
    11 Jul 2012, 10:30 AM Reply Like
  • TONYJIN
    , contributor
    Comments (3) | Send Message
     
    --- No sure, depended on good news or not before such as QE or not,only a guess.
    11 Jul 2012, 10:56 AM Reply Like
  • Neil459
    , contributor
    Comments (2644) | Send Message
     
    A lame attempt to make themselves relevant.
    11 Jul 2012, 11:33 AM Reply Like
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