First of the Month
The first of the month is upon us again, and that means it is time to highlight the positive historical returns of the S&P on these days. Going back to the start of the bull market, the first day of the month has been up 74% of the time for a cumulative gain of 27.17% (buying at the close on the last day of the month and selling at the close on the first day). The cumulative gain of the rest of the month since October 2002 is 18.81%, which means that the first day has accounted for 60% of this bull market's gains.
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