Another Winning First Day of the Month

On the first trading day of the month, the S&P 500 has rallied 16 times in the last 22 months — and we’re up again today.

This would also be the sixth month in a row where the market rallied on the first day of the month after falling on the last day of the month.

Going back to June 4, 2007 through yesterday, the S&P 500 has gained 14.12% (not dividends, just the index). The combined return on just investing on the first trading day of the month was 10.06%. The rest of the time was just 3.69%. As recently as three weeks ago, that last number would have been negative. That means the entire capital gain of the S&P 500 came on just the first trading day of each month.

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Posted by on November 1st, 2013 at 11:06 am


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