Next Monday will be the first trading day (FTD) of November.

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 0.17% on the November FTD. The index has had a positive return on this day in 67% of years since 1984.

Since 2000, the performance has been a little stronger on the November FTD, with an average return of 0.2% on the day, with positive returns seen in 79% of years.

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