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“In general, things either work out or they don’t, and if they don’t, you figure out something else, a plan B.” – Dick Van Dyke
Below is a snippet of commentary from today’s Morning Lineup. Start a two-week trial to Bespoke Premium to view the full report.
gain of 0.40% with positive returns just under 62% of the time!
Before you go out and buy everything this morning, though, there’s a big caveat to that average; one of the better market days on record occurred on March 13th, 2020 when the S&P 500 rallied 9.3%! If you take that out, the average S&P 500 performance on Friday the 13th falls by more than half to 0.15%. Still not terrible, though.
The chart below shows the S&P 500’s performance on each individual Friday the 13th since 1999. Big downside moves on Friday the 13th have been uncommon with just three days out of 42 where the S&P 500 fell more than 1% (December 2002, April 2012, and November 2015) while there have been seven days that rallied more than 1%. Who knows? Since Friday the 13th historically hasn’t been that unlucky for the market, maybe we’ll finally get a day of positive breadth!
