With only a couple of days left in April, the markets have had a great month so far. The major US indices are up 5% or more month-to-date. Here are some stats for the month and what history has shown for the rest of year when April finishes strong.
April 2008 to date:
Historically, April has been one of the better months of the year. On average the Dow, S&P and Nasdaq have been up 56%, 61% and 62% of the time respectively for the month of April. Average returns for April rank 5th when compared to the other months of the year. December is the best performing month and September is the worst.
So how do the markets perform for the rest of the year when you have a strong April? In the history of the Dow, there have only been 17 Aprils with 5% gains or better. When that happened, the Dow delivered a 9.6% average return and was up 76% of the time for the rest of the year.
Biggest S&P winners for the month so far: