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Monthly Archives: February 2024
Does the Stock Market Leap On Leap Days?
If the stock market is defined as the S&P500, the answer is: “On average, no.” The following table illustrates that of the 13 leap trading days (February 29) since 1950, when the markets were open, the average leap day … Continue reading
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A Presidential Election Arbitrage?
We have noticed an interesting anomaly with respect to the U.S. Presidential election in the political betting markets over at PredictIt.org. We’ve been trading on this site since the 2004 election. The site is pricing the Democratic Party to win … Continue reading
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COTD: The Bull Market In Satellites
COTD = Chart of the Day If the idea of tech impresarios sending fleets of satellites into space to revolutionize communications by making high-speed connections available just about everywhere sounds familiar, it should. That’s certainly the news of today, with Elon … Continue reading
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Biden’s Market Probability of Re-election Craters
President Biden’s odds at PredictIt.org of being re-elected in November cratered after the release of last week’s special counsel’s classified documents report. He was cleared, but the following language in the report inflicted a major political flesh wound, “at trial, … Continue reading
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