Chinese New Year’s Eve 

On Friday, January 24th, the Chinese New Year’s Eve celebration, known as Chunjie (春节) in the Lunar Calendar, will take place. It is often considered a vital get-together meal of the entire year, during which families come together to exchange gifts and indulge in special meals.

Our analysis of the first four technology stocks, Apple Inc, Microsoft Corporation, Tesla, Inc., and Amazon.com, Inc., suggests that they have historically performed well during the Chinese New Year’s Eve celebration, with an average market direction of 70% and an average return ranging from 10.97% to 18.72%.

Apple Inc, the tech giant behind the iPhone and iPad, has historically seen an average return of 12.35% during the Chinese New Year’s Eve celebration. Microsoft Corporation, the software and cloud services company, has seen an average return of 12.08%. Tesla, the electric vehicle and clean energy company, has seen an average return of 18.72%. Amazon.com, the e-commerce and cloud computing giant, has seen an average return of 10.97%.

Since 2010, symbols that have outperformed the S&P 500 Index between 5 days before and 10 days after the Chinese New Year’s Eve celebration include: Apple Inc, Microsoft Corporation, Tesla, Inc., and Amazon.com, Inc.

There are several plausible theories as to why there might be a correlative relationship between the Chinese New Year’s Eve celebration and the equities in question. One theory is that increased consumer spending during the celebration leads to higher revenue and earnings for technology companies. Another theory is that favorable government policies for the technology industry in China contribute to the sector’s growth during the celebration. A third theory is that there are seasonal trends or cyclical patterns that lead to higher stock prices during this time.

It’s important to note that past performance is not a guarantee of future returns. Investors should always do their own research and consult with a financial advisor before making investment decisions.

In conclusion, our analysis provides valuable insights for investors to consider as they make investment decisions during the upcoming Chinese New Year’s Eve celebration.