As Halloween creeps closer, the stock market shows no signs of fear – just a whole lot of candy treats.
Historically, Halloween has been a frightfully favourable day for investors. According to Dow Jones Market Data, the S&P 500 and the TSX typically rise by an average of 0.19% on Halloween, while the Dow gains 0.15%, and the Nasdaq sees a ghostly average increase of 0.43%.
But it’s not just the market that’s feeling the festive spirit – consumer spending on Halloween treats is also making headlines. The National Retail Federation’s annual survey, conducted by Prosper Insights & Analytics, reveals that Americans are expected to spend a whopping $2.6 billion on candy this year, averaging more than $25 per person. With 68% planning to celebrate by handing out candy on Halloween, it’s clear that this season is sweeter than ever.
In the above video, we explore a brew of companies riding witches’ brooms into the moonlight and into your portfolios. As the stock market continues to cast its spell, these investments are set to conjure up solid returns. So, as you prepare for a season of spooky celebrations, remember the real magic might just be happening in your portfolio. Happy Halloween; may your investments be as thrilling as a midnight ride.
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