Is there any trend surrounding stock market performance on Thanksgiving? ...Middle East

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The Thanksgiving holiday will begin tomorrow and US markets will be closed before reopening on Friday. Typically, that also is a pseudo-holiday as thinner liquidity conditions tend to prevail. So, let's try and take a look to see if there are any notable trends in the last few years in identifying what to expect from this year's festive period.The table below shows the S&P 500 performance on the day before Thanksgiving and the day after i.e. Wednesday and Friday, in the last five years:As you can see, there's not too much of a trend and I would argue that momentum matters more. The outlier though is the over 2% drop last year in the day after Thanksgiving, which owed to a new Covid variant e

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