Dow Jones and NASDAQ – who is not familiar with them, the most well-known equity markets in the world? Indices comprise the trend of an entire group of equities, thus the Dow Jones follows the most important U.S. stocks and the NASDAQ many of America’s technology firms.

For some it will surely be surprising that seasonality in the area of equity indices is quite pronounced. It can easily be compared with that of the agricultural markets. Indeed, seasonal trends can be found in many more markets than one might typically expect.


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