MarketWatch: The stock market's entire return rests on a surprisingly small number of days

A research paper co-authored Goen Choi, visiting assistant professor of finance, was highlighted in a MarketWatch article. The paper, Long-Term Shareholder Returns: Evidence from 64,000 Global Stocks, published in Financial Analysts Journal in 2023, studied long-run shareholder outcomes for more than 64,000 global common stocks from January 1990 to December 2020.
A new study reminds us how difficult it is to time the stock market’s day-to-day gyrations. The study found that “just 9 days account for all the stock market’s 2024 gains.” Since none of those nine days with explosive returns occurred back to back, it would have been very unlikely that the average day trader would have been in the market during each of them. And day traders would have lagged the market to the extent they missed any of them.
To read the story in its entirety, visit MarketWatch:
Interested in advancing your education and/or career? Learn more about Freeman’s wide range of graduate and undergraduate programs. Find the right program for you.
Recommended Reading
- Finance Curriculum vs. Accounting Curriculum: How Are They Different?
- Business Analytics vs. Finance: Which Master’s Degree Is Right for You?
- Alum leverages MFIN degree to launch investment banking career
- Peter Ricchiuti: The Art of Making Things Make Sense
- What Can You Do With a Business Analytics Degree?
- Meet the MBA Class of ’26: Austin Smith
- Fintech entrepreneur Todd Schwartz to serve as 2024 Freeman Distinguished Lecturer
- Master of Finance degree leads to career in health care and analytics
Other Related Articles
- CNBC: President Trump signs GENIUS Act, creating stablecoin regulatory framework
- CNN: 3 ways Trump trying to fire Powell could backfire
- Research Notes: Amanda Heitz
- Payments Dive: GENIUS Act is just the beginning
- Research Notes: Trevor Young
- Alum balances finance and foxtrots
- Research Notes: Yongseok Kim
- USA Today: Trump "would love" deal with China, but tariffs at 145% as markets sink