First trading day of May

Tomorrow will be the first trading day (FTD) of May.

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 May FTD has been the 4th weakest month FTD of the year: since 1984 the FTSE 100 Index has increased on average 0.07% on this day.

From 2000 the average return on the day has been even weaker at 0.01%, making it the 2nd weakest month FTD in the year.

The following chart shows the returns for every May FTD since 1984.
The FTSE 100 Index returns for every May FTD since 1984

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