Wednesday is a Fed Day, which is defined as a day that a scheduled Fed meeting concludes and policy statements are released. Fed Days occur 8 times per year. Since 1982 they have shown a strong bullish propensity. The chart below is one I showed many years ago, but had not updated in a while. I decided to do so today.
For some comparison, the average Fed Day has gained over 9x the amount of the average non-Fed Day.
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