Januário, AfonsoBorges, Guilherme de Lucena Sampaio Ramos2026-05-272026-05-272026-01-232026-01-23http://hdl.handle.net/10362/203498combined into a practical, low-frequency trading strategy for the U.S. equity market. Using daily S&P 500 data from 1975 to 2024, the analysis evaluates the turn-of-the-month effect, preholiday returns, Federal Reserve meeting dates, earnings intensity and seasonal expected returns. Each effect is tested individually and then integrated into a unified strategy. While individual anomalies exhibit modest and time-varying performance, their combination concentrates returns into specific trading windows and improves risk-adjusted performance relative to buy-and-hold, showing the economic importance of predictable timing patterns in equity returns.engCalendar effectsSeasonal momentumEarnings announcementsFOMC meetingsmaster thesis204242347