Happy Thanksgivukkah!

Happy Thanksgivukkah!

November 27, 2013 Behavioral Finance
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(Last Updated On: December 15, 2014)

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

image (1)
[$25,000 on a Bloomberg–money well spent!] The results are hypothetical results and are NOT an indicator of future results and do NOT represent returns that any investor actually attained. Indexes are unmanaged, do not reflect management or trading fees, and one cannot invest directly in an index. Additional information regarding the construction of these results is available upon request.
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.

Happy Thanksgivukkah!


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About the Author

Wesley R. Gray, Ph.D.

After serving as a Captain in the United States Marine Corps, Dr. Gray earned a PhD, and worked as a finance professor at Drexel University. Dr. Gray’s interest in bridging the research gap between academia and industry led him to found Alpha Architect, an asset management that delivers affordable active exposures for tax-sensitive investors. Dr. Gray has published four books and a number of academic articles. Wes is a regular contributor to multiple industry outlets, to include the following: Wall Street Journal, Forbes, ETF.com, and the CFA Institute. Dr. Gray earned an MBA and a PhD in finance from the University of Chicago and graduated magna cum laude with a BS from The Wharton School of the University of Pennsylvania.