In 2011, David O. Lucca and Emanuel Moench published their study showing that returns on U.S. equities tend to be higher in anticipation of scheduled meetings of the Federal Open Market Committee (FOMC). The research was called the Pre-FOMC Announcement Drift. Let's see if there is a spike in gold and silver prices in the 24 hours before the FOMC meeting.
Today, we are completing a series of studies on seasonal patterns of changes in the value of financial instruments by sectors of the US stock market. And in conclusion, let's look at the US stock market as a whole, without breaking down by sector.
Today we will reveal the seasonal trends of the index of the second-capitalization sector of the US economy - the healthcare sector, and also examine the trading signal based on the seasonal patterns of the index.