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

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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