First trading day of February

Tomorrow, Friday 1 February, will be the first trading day (FTD) of February.

As explained in the 2013 edition of the Almanac, the market has a tendency to be strong on the FTD of a month. And this effect has been even more pronounced in recent years.

Since 1984 the average return on the February FTD has been 0.59%, and the market has risen in 57% of years; since 2000 the average return has been 0.92%

The following chart shows the returns for every February FTD since 1984.

 

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