First trading day of November

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

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 0.17% on the November FTD. The index has had a positive return on this day in 66% of years since 1984.

Since 2000, the performance has been a little stronger on the November FTD, with an average return of 0.23% on the day.

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

 

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