Last night I ran a study that I have never published before with regards to Fed Days. It looked at the performance of each Sector ETF on Fed Days to see which ones performed the best and which ones disappointed. The study can be found below.
First, I did find it interesting that every sector has shown positive Fed Day performance. But since 2000 both Materials and Financials have posted outsized gains on Fed Days, and done so with strong consistency. Meanwhile, Consumer Staples and Utilities have lagged behind the rest of the pack.
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