Wednesday marks the start of the second quarter, and if the calendar is to be believed, it could lead the way for a bounce in the markets.
Past performance, of course, does not predict future returns, and, yes, there are lots of people who think calendar and seasonality analysis is silly, but there are some compelling trends worth nothing as the markets move into April.
The economic synching of the calendar can be traced back centuries. According to a paper by two New Zealand economists who researched U.K. markets going back 300 years, the famous "January effect" didn't actually occur until the 1830s, once Christmas became an official holiday. So there is some validity that specific changes to the calendar can lead to predictable outperformance in the markets. The research even showed how "a sell-in-May trading strategy beats the market more than 80 percent of the time over five year horizons."