Wednesday, April 3, 2019

Happy April!

Now that we have embarked upon another April, it's good to know that this has been the kindest month for stocks over the past 20 years. Since 1999, the S&P 500 has risen 1.7 percent on average during the month of April, according to LPL Financial.

The S&P 500 has closed up in April for 12 out of the past 13 years. The Dow Jones Industrial Average has done even better - it has closed up in April for every one of the last 13 years.

Another reason to be optimistic: Since 1949, the S&P 500 has never finished in negative territory following a first-quarter gain of more than 5.4 percent, which has happened 21 times. In only two of these 21 years have the subsequent nine months of the year provided negative returns: in 1987 and 1956.

No comments:

Post a Comment