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Simon Thompson's trading secrets revealed

MalickT

St Patrick's Day

In a study, 'Testing for Non-Secular Regularities in Stock Returns and Trading Activity', academics Laura Frieder and Avanidhar Subrahmanyam looked at the performance of the US stock market between 1946 and 2000 around the time of St Patrick's Day. This Catholic holy day was first celebrated over 300 years ago, and has since become a joyful occasion, with the Irish community celebrating the day, which falls on 17 March each year, by drinking and parading. And this positive behaviour seems to spill over to investors, with the US stock market rising on average by 0.34 per cent two trading days prior to St Patrick's Day, by 0.37 per cent the day before, by 0.07 per cent on the day itself and by 0.19 per cent on the day after. Cumulatively, that is a return of 0.97 per cent over the four-day period.

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