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Since 1990, the S&P500 has gained over 1.5% on a regularly scheduled Fed Day a total of 27 times. Only 9 of those cases (33%) led to a higher S&P close the next day…

S&P500 Closes Up 1.5%+ On an FOMC Announcement Day
12/15/21… S&P -0.9% next session
11/05/20… S&P -0.0% next session
04/29/20… S&P -0.9% next session
01/30/19… S&P +0.9% next session
12/17/14… S&P +2.4% next session
12/18/13… S&P -0.1% next session
09/13/12… S&P +0.4% next session
03/13/12… S&P -0.1% next session
11/02/11… S&P +1.9% next session
08/09/11… S&P -4.4% next session
04/29/09… S&P -0.1% next session
03/18/09… S&P -1.3% next session
01/28/09… S&P -3.3% next session
12/16/08… S&P -1.0% next session
09/16/08… S&P -4.7% next session
08/05/08… S&P +0.3% next session
03/18/08… S&P -2.4% next session
09/18/07… S&P +0.6% next session
03/21/07… S&P -0.0% next session
06/29/06… S&P -0.2% next session
10/28/03… S&P +0.1% next session
03/21/00… S&P +0.5% next session
11/16/99… S&P -0.6% next session
06/30/99… S&P +0.6% next session
08/18/98… S&P -0.3% next session
03/26/91… S&P -0.3% next session
02/06/91… S&P -0.4% next session

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