BKX Post-FOMC – MarketTells.com

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A solid rally for banks immediately following a Fed day has historically been a short-term negative sign for stocks. The table below lists the last 30 times BKX closed up 1%+ on the day after a regularly scheduled FOMC announcement. Only 9 (30%) led to a higher S&P500 one week later, significantly below the 57% random odds. Average loss was 2%, average gain 1.3%…

BKX +1% Day After FOMC Announcement
07/29/21… S&P500 ??? one week later
04/29/21… S&P500 -0.2% one week later
03/18/21… S&P500 -0.2% one week later
01/28/21… S&P500 +2.2% one week later
01/30/20… S&P500 +1.9% one week later
12/12/19… S&P500 +1.2% one week later
02/01/18… S&P500 -8.5% one week later
12/15/16… S&P500 -0.1% one week later
01/29/15… S&P500 +2.0% one week later
12/18/14… S&P500 +1.3% one week later
09/18/14… S&P500 -2.3% one week later
03/20/14… S&P500 -1.2% one week later
01/30/14… S&P500 -1.2% one week later
08/01/13… S&P500 -0.6% one week later
09/14/12… S&P500 -0.4% one week later
03/14/12… S&P500 +0.6% one week later
11/03/11… S&P500 -1.7% one week later
01/27/11… S&P500 +0.6% one week later
11/04/10… S&P500 -0.6% one week later
04/29/10… S&P500 -6.5% one week later
03/17/10… S&P500 +0.1% one week later
11/05/09… S&P500 +1.9% one week later
08/13/09… S&P500 -0.5% one week later
06/25/09… S&P500 -2.6% one week later
05/01/08… S&P500 -0.8% one week later
01/31/08… S&P500 -3.0% one week later
08/08/07… S&P500 -6.1% one week later
05/04/05… S&P500 -0.4% one week later
03/17/04… S&P500 -2.9% one week later
06/26/03… S&P500 -0.0% one week later
03/19/03… S&P500 -0.5% one week later