First trading day of March

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

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.

The March FTD has been one of the weaker ones of any month in the year. Since 1984 the average return on the March FTD has been -0.02%, and the market has risen in 57% of years. Since 2000 the average return has been 0.02%

The following chart shows the returns for every March FTD since 1984.
First Trading Day of March (1984-2012)

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