First trading day of January

Thursday will be the first trading day (FTD) of January.

As explained in the 2014 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 0.43% on the January FTD, and has had positive returns on that day in 62% of years. This makes it the fourth strongest month FTD of the year.

Since 2000, the performance has been even stronger on the January FTD, with an average return of 0.82% and positive returns in 11 of the past 14 years.

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

FTE 100 First Trading Day in  January [1984-2013] (2014)

 

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