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Been looking at historical Thanksgiving week patterns and honestly surprised by what the data shows. The stock market closed on Thanksgiving Day for the past decade, but that week usually performs way better than you'd expect relative to the full year's performance.
So I pulled 10 years of S&P 500 and Nasdaq data. Out of those 10 years, Thanksgiving week outperformed in 7 of them. Only underperformed twice and matched expectations once. Pretty wild when you think about it statistically.
Breaking it down: if the market gains 20% for the year, you'd expect maybe 0.38% that week (1/52nd of annual return). But it keeps beating that benchmark. 2024 was solid for tech with Nasdaq up 28.6% for the year and that week didn't disappoint. Even in rough years like 2022 when both indices were down, Thanksgiving week held up better than the annual losses would suggest.
2020 was interesting too - Nasdaq crushed it with 43.6% annual gain, and Thanksgiving week was especially strong. Meanwhile 2021 was the exception where the week actually lagged despite a strong year overall.
Not saying you should time trades around it, but the historical pattern is interesting. Thanksgiving week tends to be a bright spot on the calendar.