As investors, it’s crucial to stay on top of market trends and plan for holiday closures. In 2023, there will be ten holidays on which the New York Stock Exchange (NYSE) and Nasdaq will remain closed. In this blog post, we will provide you with all the details on these holidays, including some important facts and figures.
The first-holiday closure for the year 2023 will be on June 19th, which is Juneteenth. It is an essential day in American history, and it’s great to see that the New York Stock Exchange and Nasdaq recognize its significance by closing for the day. However, it’s important to note that while stock markets will be closed, bond markets will also close on this day. Bond markets also shut down on nine out of the ten days the stock market remains closed, including Juneteenth. The only day when the bond markets close, but the stock market operates is Columbus Day.
Three Partial Closures
In addition to full holiday closures, the stock market will also have three partial closures during the year. These early closures will happen on the day before Independence Day, the day after Thanksgiving, and Christmas Eve. These events will provide investors with opportunities to analyze their portfolios and adjust them accordingly before the long holiday weekends.
Investors Should Know This
Investors should also know that the stock market will only close for more than three days running due to certain extraordinary circumstances like natural disasters or major national events. Although such cases are rare, three-day holiday weekends are typically the longest time the stock market goes quiet primarily to avoid creating unnecessary “investor angst.”
Another thing for investors to keep in mind is that bull markets take the escalator, while bear markets take the elevator. This means that bull markets usually increase gradually, while bear markets experience faster and more dramatic declines.
Making Informed Portfolio Decisions
In conclusion, knowing the holiday closures of the stock and bond markets in 2023, including partial closures, is critical for investors to make informed portfolio decisions. By staying up-to-date with market trends and events, investors can take advantage of the opportunities that market closures provide and maximize their profits. Remember, the more knowledge we have, the better-planned decisions we can make. Happy Holidays!
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