The S&P 500 is currently on pace to close lower for the 10th consecutive Thursday, which would be a record Thursday losing streak going back to 1953 (when the current five-day trading week was put in place by the NYSE).
Over the last six months, the S&P 500 has averaged a decline of 0.54% on Thursdays, which is by far the worst of any weekday. As shown below, Friday is the only other weekday that has averaged a decline (-0.08%), while each of the first three trading days of the week have actually averaged gains.
Hypothetically, had you only owned the S&P 500 through the first three days of the week over the last six months (buy at the close on Friday and sell at the close on Wednesday), you'd be sitting on a nice 12.4% gain right now versus a decline of 2.1% for buy and hold.
As always, past performance is no guarantee of future results.
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