As vaccination increases and hospitalisations decrease footfall at theme parks looks set to rise further. Walt Disney’s theme parks stand to gain from this return to normality as pent up savings can be used for recreation spending. However, one of the keys to this pattern holding will be the FOMC decision next week. If the Fed is against the idea of fast tapering that should be supportive for stock buyers in the near term.
Over the last 10 years, Walt Disney shares have risen nine times between Sept 15 and Nov 13. The average gain has been 4.87% and the biggest fall was in 2012 with a -8.03% drop. The largest gain was in 2015 with an 11.03% rise.
Major trade risks
If the Fed announce tapering next week then this will bring share prices lower as investors see higher interest rates coming.
Our products and commentary provides general advice that do not take into account your personal objectives, financial situation or needs. The content of this website must not be construed as personal advice.
Recommended content
Editors’ Picks
EUR/USD clings to daily gains above 1.0650
EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.
GBP/USD recovers toward 1.2450 after UK Retail Sales data
GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.
Gold holds steady at around $2,380 following earlier spike
Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
Bitcoin price shows no signs of directional bias while it holds above $60,000. The fourth BTC halving is partially priced in, according to Deutsche Bank’s research.
Week ahead – US GDP and BoJ decision on top of next week’s agenda
US GDP, core PCE and PMIs the next tests for the Dollar. Investors await BoJ for guidance about next rate hike. EU and UK PMIs, as well as Australian CPIs also on tap.