Recent Typical March Trading: Strength Early & After Mid-Month
Posted: 24 Feb 2021 12:50 PM PST

Over the recent 21 years, March has been a solid performing month for the market. Average gains over the period range from a low of 0.40% by NASDAQ to a respectable 0.90% by S&P 500. Prior to last March, gains were nearly twice as strong during 1999-2019. March has also been the #5 performing month by average performance for S&P 500 and Russell 1000 over the last 21 years. First trading day of March gains typically kick off the month, followed by choppy to lower trading until around the tenth or eleventh trading day when the market tends to rebound higher. Near month end the market tends to cool and can succumb to some end-of-quarter selling pressure.