Next Monday (3 December) will be the first trading day (FTD) of December.
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 weakest month FTD is December – the only month where the market has fallen more often than risen on the FTD since 1984. This is somewhat surprising as December is, as a whole, the strongest month in the year for the market.
Since 1984 the average return on the December FTD has been -0.02%, and the market has risen in 46% of years.