Did you know that St. Patty’s Day, celebrated on March 17th, could potentially make you money? According to a blog by Timothy Woods on Seeking Alpha, “immediately preceding the holiday until one trading day after, stock markets tend to consistently rise.” This, he says, is attributed to a rise in mood levels as people wait for the holiday and this encourages investment. Research on the phenomenon suggests that the US stock market climbs on average by 0.34 percent two trading days before St. Patrick's Day and rises again to 0.37 percent for the day before. Who knew? So remember that as you dig in the back of your closet to find that green sequin shirt.
For more information on the beginnings of St. Patrick’s Day, read through this graphic provided by the History Channel.
