New Moon

Does the lunar cycle affect the behavior of investors/traders, and thereby influence stock returns? "returns in the 15 days around new moon dates are about double the returns in the 15 days around full moon dates. This pattern of returns is pervasive; we find it for all major U.S. stock indexes over the last 100 years and for nearly all major stock indexes of 24 other countries over the last 30 years."Read More

The new moon, like all four "quarter" events in the lunar month, is an instantaneous event, when the moon lies closest to the line joining the Earth and the sun. Read More