The Tell: How the S&P 500 performs on Fed decision days

Stock investors may be focusing on the Federal Reserve’s decision to leave rates unchanged Wednesday, while hinting that they may be inclined to hike in September.

But regardless of the central bank’s policy, buying on Fed days have presented investors a solid opportunity to make money, according to Bespoke Investment Group.

Read:Fed appears more willing to lift interest rates in September

The S&P 500 index SPX, -0.02% has returned an average of 0.24% on a rolling basis over the past 10 Fed meeting days since 1995, according to Bespoke. That’s compared with an average return of 0.03% on non-Fed days throughout history (see the chart below):

Source: Bespoke Investment Group

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