February 29 is a leap day, a date that is added to the calendar every four years, also called a leap year.
Could there be a correlation between leap years and market performance?
Since 1972, there have been 10 leaps years and the S&P 500 posted an average gain of 6 percent during those years, compared to an average return of 8.7 percent during non-leap years.
If you take out 2008, a leap year that came at the height of the recession and saw the S&P drop 38.5 percent, the average during leap years jumps to 10.9 percent, beating the average in non-leap years.