7 to date, the Dow was off 0. For millennia, Jewish communities have marked Yom Kippur as an occasion to reflect and pray fast and seek forgiveness account for past transgressions, and commit to future change. This past year, the Dow gained 19.9% from Yom Kippur 2020 to Passover 2021, according to Stock Trader’s Almanac. Hirsch notes that being long from Yom Kippur to Passover, which falls on April 15 in 2022, has been a successful strategy, producing 64% more advances, and half as many losses, with average gains of 7.0%. Has fallen 28 out of 50 Rosh Hashana holiday periods. The exact timing will depend on your location. holiday.ĭating back to 1971, the Dow Jones Industrial Average What time does Yom Kippur end in 2021 Yom Kippur officially ends at nightfall on Thursday, Sept.
Yom Kippur is observed on the 10th day of the Jewish month of Tishrei (Sept. On top of that, September is a month with the simultaneous expiration Friday of individual stock options, stock-index options, stock-index futures and single-stock futures, also known as quadruple witching.Īdding to market weakness this season is that Rosh Hashana followed Labor Day, contributing to lower volumes over several sessions, since markets were closed last Monday in observance of the federal U.S. Yom Kippur is considered to be a super Sabbath (shabbat shabbaton in Hebrew)a soul-searching opportunity for the pious and evil alike. It also helps that September is considered a notoriously weak month for stocks and October, of late, has gained an ugly reputation for market downturns. The holiday technically spans two calendar days, because the Jewish.
Hirsch wrote in a blog that the “‘Sell Rosh Hashana, Buy Yom Kippur,’ pattern is that with many traders and investors busy with religious observance and family, positions are closed out and volume fades creating a buying vacuum.” CNN Yom Kippur, or the Day of Atonement, is considered the holiest day of the year for people who practice Judaism. “It appears to be evidence based … and you can correlate it to traffic around the New York area,” Hirsch said. Jeff Hirsch, editor of the Stock Trader’s Almanac, told MarketWatch in a Wednesday interview that there is something to the seasonal trend. More than anything, Yom Kippur is a day of seeking forgiveness and giving to charity.
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