Thanksgiving. Hanukkah. Why not Thanksgivukkah?
Below, one of my partners hopped on his Bloomberg and plotted out some interesting time series:
- Turkey spot prices.
- Hanukkah candle wax spot prices.
- S&P 500
The top performing asset has been Turkey spot prices. Of course. Our quantitative models have been predicting this outcome for ages. I would share the secret recipe, but it is “proprietary.”
Wax prices have been volatile and have shown little total return over the time period. Our quantitative models are predicting higher prices for Thanksgivukkah, since the event won’t occur until November 27, 2146. And unless the docs invent some really good drugs, we’ll all be dead by then.
Finally, the S&P 500. Unfortunately, this is the one asset class where our quantitative models are having the most prediction difficulty. Our advice is that you ignore this asset class over the holidays and focus on family, friends, and eating way too much food.
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Definitions of common statistics used in our analysis are available here (towards the bottom)