First trading day of August

Tomorrow, Thursday, will be the first trading day (FTD) of August.

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 FTSE 100 Index has risen on average 0.03% on the August FTD – ranking it 7th of all the monthly FTDs. The index has had a positive return on this day in 62% of years since 1984.

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

First trading day of the FTSE 100 Index in August

 

Social Share Toolbar

Comments are closed.