Further Mining the Predictability of Moving Averages: Evidence from the US Stock Market

2017 ◽  
Vol 19 (2) ◽  
pp. 413-433 ◽  
Author(s):  
Chaoqun Ma ◽  
Danyan Wen ◽  
Gang‐Jin Wang ◽  
Yong Jiang
Keyword(s):  
Stock Market ◽  
Moving Averages ◽  
The Us

The Impact of Monetary and Fiscal Policies on the Stock Market in the United States (U.S); Evidence from Linear ARDL Framework

2020 ◽  
Vol 11 (1) ◽  
pp. 132-132
Author(s):  
Aref Emamian
Keyword(s):  
United States ◽  
Stock Market ◽  
The United States ◽  
Real Effective Exchange Rate ◽  
Annual Data ◽  
Fiscal Policies ◽  
Long Run ◽  
The Us ◽  
Short Run ◽  
The Impact

This study examines the impact of monetary and fiscal policies on the stock market in the United States (US), were used. By employing the method of Autoregressive Distributed Lags (ARDL) developed by Pesaran et al. (2001). Annual data from the Federal Reserve, World Bank, and International Monetary Fund, from 1986 to 2017 pertaining to the American economy, the results show that both policies play a significant role in the stock market. We find a significant positive effect of real Gross Domestic Product and the interest rate on the US stock market in the long run and significant negative relationship effect of Consumer Price Index (CPI) and broad money on the US stock market both in the short run and long run. On the other hand, this study only could support the significant positive impact of tax revenue and significant negative impact of real effective exchange rate on the US stock market in the short run while in the long run are insignificant. Keywords: ARDL, monetary policy, fiscal policy, stock market, United States

Absence of the weekend effect and industry-style portfolios

2019 ◽  
Vol 12 (4) ◽  
pp. 463-475
Author(s):  
Selma Izadi ◽  
Abdullah Noman
Keyword(s):  
New York ◽  
Stock Market ◽  
Structural Breaks ◽  
Stock Exchange ◽  
Structural Break ◽  
Weekend Effect ◽  
Content Type ◽  
Market Portfolio ◽  
The Us ◽  
Using Data

Purpose The existence of the weekend effect has been reported from the 1950s to 1970s in the US stock markets. Recently, Robins and Smith (2016, Critical Finance Review, 5: 417-424) have argued that the weekend effect has disappeared after 1975. Using data on the market portfolio, they document existence of structural break before 1975 and absence of any weekend effects after that date. The purpose of this study is to contribute some new empirical evidences on the weekend effect for the industry-style portfolios in the US stock market using data over 90 years. Design/methodology/approach The authors re-examine persistence or reversal of the weekend effect in the industry portfolios consisting of The New York Stock Exchange (NYSE), The American Stock Exchange (AMEX) and The National Association of Securities Dealers Automated Quotations exchange (NASDAQ) stocks using daily returns from 1926 to 2017. Our results confirm varying dates for structural breaks across industrial portfolios. Findings As for the existence of weekend effects, the authors get mixed results for different portfolios. However, the overall findings provide broad support for the absence of weekend effects in most of the industrial portfolios as reported in Robins and Smith (2016). In addition, structural breaks for other weekdays and days of the week effects for other days have also been documented in the paper. Originality/value As far as the authors are aware, this paper is the first research that analyzes weekend effect for the industry-style portfolios in the US stock market using data over 90 years.

Defeating the Minotaur: The Construction of CEO Charisma on the US Stock Market

2006 ◽  
Vol 27 (6) ◽  
pp. 811-832 ◽  
Author(s):  
Angelo Fanelli ◽  
Nora Ilona Grasselli
Keyword(s):  
Stock Market ◽  
Charismatic Leadership ◽  
Top Down ◽  
Active Involvement ◽  
Securities Analysts ◽  
The Us ◽  
Organizational Symbolism ◽  
The Usa ◽  
Ceo Successions ◽  
Securities Analyst

This paper illustrates the construction of CEO charisma within the US stock market. By metaphorically employing the myth of the Minotaur, we discuss three forces underlying the rise of heroic CEO images in the USA: Ariadne, or charismatic leadership theory and its formulation of charisma; Theseus, or the CEOs struggling to obtain power over stock market actors; and the Minotaur, or the stock market itself and the securities analyst profession. Building on the literature on organizational symbolism, we present a qualitative study of two CEO successions, focusing on the form and content of the persona and the vision projected by CEOs and elaborated by securities analysts. The results suggest that jointly constructing charisma through discourse, CEOs and analysts enact a form of power that does not lie in top-down coercion, but rather on the emergent, active involvement and contribution of its very subjects.

scholarly journals Stock Market Globalization: The Case of Emerging European Countries and the US

2014 ◽  
Vol 15 ◽  
pp. 91-99 ◽  
Author(s):  
Anca Munteanu ◽  
Angela Filip ◽  
Andreea Pece
Keyword(s):  
Stock Market ◽  
European Countries ◽  
The Us

Dichotomous stock market reaction to episodes of rules and discretion in the US monetary policy

2018 ◽  
Vol 70 ◽  
pp. 56-66 ◽  
Author(s):  
Ion-Iulian Marinescu ◽  
Alexandra Horobet ◽  
Radu Lupu
Keyword(s):  
Monetary Policy ◽  
Stock Market ◽  
Market Reaction ◽  
Stock Market Reaction ◽  
The Us ◽  
Us Monetary Policy
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