Will the Dow Average be able to perform well this time in April when the Dow Average is doing well
According to the investment guide “Stock Traders Almanac,” after 1950, $Dow Jones Industrial Average(.DJI.US$Looking at the average monthly gain/fall rate of April is 1.9%, and from a historical perspective, April is the strongest month for the Dow Average.
Average monthly performance of the NY Dow
According to the “Stock Traders Almanac,” there are people who argue that the strength of the market seen in this anomaly phenomenon is due to optimism surrounding the December holiday season and relaxation of mind in the summer, but going back to 1950, the Dow recorded an average 7.3% increase in the 6 months from November to April, while it remained at a 0.8% increase over the 6 months from May to October.
“April was not only the best performing month for the Dow Average, but it was also a strong one for both indices. Spring will come at the same time as the second quarter begins, and people who try to rebuild their portfolios at the end of the first quarter will put in more money,” said Jeffrey Hirsch of Traders Almanac.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
