On First Trading Day of the Month, Returns Have Been Stellar

by: TickerSense

With today being the start of April (market-wise), we again highlight how stellar the performance of the market has been on the first trading day of each month since the bull market began. Over the last four months, the S&P 500 has been up an average of 97 bps on the first day. Overall, the Index has had a cumulative return of 23.74% on the first trading day of the month while the rest of the month has returned 18.63%. This means that the first trading day has accounted for more than 50% of the S&P's gains since October of 2002: