Last trading day of November

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

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. This is quite different from the first trading days of months which strongly out-perform the average for all days, and where the effect has strengthened in recent years.

Since 1984 the market has on average fallen 0.12% on the LTD of November, with positive returns in just 45% of all years, which makes the November LTD one of the three weakest month LTDs in the year.

The following chart shows the FTSE 100 Index returns for every November LTD since 1984.
FTSE 100 Last Trading Day for November (1984-2012)


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