First trading day of December

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.

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

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