Jackson Hole and set-piece speeches. Where regime changes are announced (2020 average inflation targeting, 2022 "pain").
What to watch: Late-August symposium; Davos; central bank forums. It arrives annual, and the effect typically lasts weeks.
It sits in tier 2 — Directional: Moves the index for days or weeks. Scheduled data releases, policy decisions, global spillovers, and the prices of money and energy. This is the tier most professional attention is spent on.
Its neighbourhood
Everything this entry connects to directly. Click any point to follow it.
Also in Market mechanics, derivatives, and calendar
- Zero-days-to-expiry (0DTE) options
- Monthly and quarterly options expiration
- Index rebalances and reconstitution
- Month- and quarter-end rebalancing
- Seasonality and calendar effects
- Tax-loss harvesting and tax dates
- Holiday and low-liquidity sessions
- Market microstructure and liquidity
- Circuit breakers and trading halts
- Settlement, clearing, and margin requirements
- Fed communication blackout
- Corporate buyback blackout windows
- Investor conferences and analyst days
- 24-hour and tokenised trading
- Tax refunds and payroll-day flows
- Earnings season timing and pre-announcements