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Almanac Trader
I am the editor of the Stock Trader's Almanac & Almanac Investor Newsletter. I use historical patterns and market seasonality in conjunction with fundamental and technical analysis...
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DJIA and S&P 500 Best on First Trading Day of Q2 Last 35 Years
When compared to the last day of Q1, the first trading day of Q2/April has favored DJIA and S&P 500. Since 1990, DJIA is up 23 of 35 with an average gain of 0.18% and S&P is up 22 of 35 with an average gain of 0.12% while NASDAQ is up 19 of 35 with an average loss of –0.20% and Russell 2000 is down 18 of 35 with an average loss of –0.26%.
From 1995 to 2012, the first day of Q1 was even stronger with DJIA and both S&P 500 up 15 times in 18 years however, since 2013 the day has become mixed. It would appear that stormy March markets have been spilling over into Q2 and April. Tariff uncertainty is at a fever pace and could easily derail any historical trends in early April.
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