Last trading day of November

Tomorrow (Friday 30 Nov) will be the last trading day (LTD) of November.

As explained in the 2013 edition of the Almanac the LTDs of months used to be stronger than average, but in recent years they have been weak. This is quite different from the first trading days of months which strongly out-perform the average for all days, and where the effect has strengthened in recent years.

Since 1984 the November LTD has been the weakest of any month; and in the last 15 years the market has only risen three times on the November LTD.

The following chart shows the FTSE 100 Index returns for every November LTD since 1984.

Social Share Toolbar

Comments are closed.