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.