Our office will be closed for observance of Memorial Day on Monday, May 31, 2021. U.S stock and bond markets will also be closed. As you spend some quality time off please consider taking time to commemorate those who have paid the ultimate price while serving in the U.S. military. Additionally, consider taking a moment to acknowledge first responders, nurses, doctors, law enforcement, firefighters, essential workers, scientists and everyone else that has tirelessly worked and sacrificed during the COVID-19 pandemic.
For decades the Stock Trader’s Almanac has been tracking and monitoring the market’s performance around holidays. The trading day after Memorial Day has a mixed record going back to 1971. Both S&P 500 and NASDAQ have declined more often than risen on the day, but average performance is still modestly positive.
Since 1986, the frequency of gains has improved, and average performance has also risen however, but S&P 500 declined five straight days after 2015-2019. The second trading day after Memorial Day has more advances than declines, but average performance is negative for NASDAQ. The third day after appears to have the best long- and short-term record combined with solid average performance.