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

|By:, SA News Editor

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.