Just a simple but rather data preparation intensive study shows that the day of POMO did not necessarily lead to a green SPX day. The below plot shows a green SPX day & a day with POMO. If each occurred we get “TRUE”.
From this source QE started on 2008-12-15 which is the start date of this analysis to current day 2014-10-24″.
Next I may examine if “front-running” the scheduled POMO had an effect by seeing if there were gap ups before the day of POMO. I may also gauge the magnitude of POMO’s impact on the up days.
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Best time to sell?
Surprising January followed by July.
July makes sense as an optimal time to sell your real estate as it is during the summer peak when many families are off and the weather is hospitable.
I guess January makes sense too as it is the beginning of the new year and families who have been busy with holiday activities start to look for fresh starts to their new year’s resolutions.
Best time to buy?
Conversely if you’re looking for a deal as a buyer February may be your best opportunity to negotiate. This may be due to all the holiday pent up demand being released January and a post buying spree slump.
*Data provided by the HPI at http://research.stlouisfed.org