Last trading day of May

Tomorrow will be the last trading day (LTD) of May.

As explained in the 2014 edition of the Almanac the LTDs of months used to be stronger than average, but in recent years they have been weak.

Since 1984 the index average return on the May LTD has been 0.04%, which is about same as the average daily return on all days of the year, and makes it the eighth strongest month LTD of the year.

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

Last trading day of May (1984-2013) [2014]

 

 

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