Good Friday (and Easter) land at the beginning of April this
year. Historically the longer-term track record of Good Friday (page 98 of STA
2021) is bullish with notable average gains by DJIA, S&P 500, NASDAQ and
Russell 2000 on the trading day before. NASDAQ has advanced 19 of the last 20
days before Good Friday. Monday, the day after Easter has exactly the opposite
record since 1980 and is in the running for the worst day after of any holiday.
Since 2004 the day after has been improving with S&P 500 up 11 of the last
17. The second day after Easter has exhibited consistent strength.