Fed minutes release—here’s how stocks tend to perform the day after

Minutes from the Federal Reserve’s most recent confab back in September hit at 2 p.m. Eastern Time Wednesday, and so far in 2016 stocks have had a tendency for a knee-jerk move higher the same day as the release.

But the day after, it is a different story. U.S. equities have had a tendency to deflate once market participants digest the inner thoughts of the Federal Open Market Committee. For each release this year, the S&P 500 index SPX, +0.11% has traded lower the day following the minutes on all but one occasion, according to Bespoke Investment Group (as the following table shows).

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