The turn-of-the-month effect: Do stocks do better around the start of each month?
Turn-of-the-month days are the last trading day of a month and the first three of the next. Since 1957, the S&P 500 has averaged +0.098% per day on those days against +0.020% on all other days, about 5.0 times as much.
Average daily S&P 500 return: 3,344 turn-of-the-month days vs 14,179 other days.
Patterns describe the past and can stop working. Not investment advice.
See it in the calendar →Other patterns
The Santa Claus rallyDoes the market really rally at the end of December?Sell in May and go awayIs the May–October stretch really weaker?The September effectIs September the worst month for stocks?The best days of the yearWhich calendar days have been strongest for stocks?The worst days of the yearWhich calendar days have been weakest for stocks?The presidential election cycleHow do stocks do in each year of a presidential term?The January barometerAs goes January, so goes the year?