Fed Days

I purchased Quantifiable Edge's Fed Guide a day before the last Fed meeting. If you have an interest in reading solid analysis, I suggest you buy it too. For $25, it's not too much to add an extra edge to your trading.

While it definitely doesn't sum up everything presented in QE's Guide, the NY Fed has a paper of its own with the following as an introduction:

This paper documents that stocks in the U.S. and several other major economies have experienced large abnormal returns right before U.S. monetary policy announcements since 1994. These returns are puzzling and difficult to explain with standard asset pricing models.

Despite only a handful of Fed Days throughout the year, it is well worth your time to take notice. The edge provided is enough to strengthen anyone's portfolio with relatively little exposure.