Past The Ides Of March

Bespoke Investment Group
By Staff of Bespoke Investment Group
Financial Research, Money Management •

The S&P 500 is rebounding after a 3% dip, following a historical pattern where March gains are heavily back-end loaded.

tyler-prahm-lmV3gJSAgbo-unsplash.jpg

Tyler Prahm - Unsplash

The S&P 500 fell more than 3% in the first half of March, but there's reason to be more optimistic from a seasonal perspective.  As we highlighted in this Chart of the Day for members at the start of the month, March gains have historically been back-end loaded.

The top chart below shows the S&P 500's average path during the month of March since 1983.  The second chart shows the S&P's price action so far this March.

Historically, the market has traded relatively flat through the Ides of March and then picks up steam with gains in the back half of the month.

So far this week, we've seen the bulls get back to work with the S&P up more than 1% as of noon on Tuesday.  We'll see if the gains can hold and continue following the historical script with a strong finish to the month.

STOCKS IN THIS ARTICLE

SPXSPY
Track all markets on TradingView

More from this Author

July's Summer Heat Runs Cold

July's Summer Heat Runs Cold

Bespoke Investment Group •
The Tech Tide Turns

The Tech Tide Turns

Bespoke Investment Group •
Russell 1000 Value Closes The Gap

Russell 1000 Value Closes The Gap

Bespoke Investment Group •

Comments

Back to all articles