Dusseldorf The stock market is on the move. First of all, the latest US inflation figures have fueled hopes that the Fed will be able to raise interest rates less than planned and possibly even lower them again next year. That hope was dashed by Fed Chair Jerome Powell on Wednesday.
In this mixed situation, the big expiration day also falls on this Friday, called the witches’ sabbath in stock market jargon. Options and futures on stocks and indices expire here four times a year. In other words, futures contracts mature.
That sounds like an explosive starting position. Because it is said that the witches’ sabbath prices fluctuate particularly strongly and sometimes irrationally because market participants try to move prices in a direction that is favorable for them. But is that true? The Handelsblatt did the math and spoke to experts.
What is the Witches’ Sabbath?
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