Washington’s 12th and newest federal holiday – Juneteenth, or June 19 – will indeed close the stock and bond markets this year, providing investors with a long holiday.
That’s despite the fact that in 2022, Juneteenth falls on a Sunday.
Juneteenth, also known as Juneteenth National Independence Day, occurs on the anniversary of Union Army Gen. Gordon Granger’s June 19, 1865, proclamation that Texas was freed from slavery – years after the Emancipation Proclamation had outlawed it there and in other Southern states.
Juneteenth has been celebrated unofficially for more than two centuries. But on June 17, 2021, Congress passed legislation making it a federal holiday, and President Joe Biden signed it into law.
However, the stock and bond markets did not close in 2021, given how close to Juneteenth the law was enacted. That makes 2022 the first time the major U.S. exchanges will close in observance of Juneteenth, which they will do Mon…