Can SPX. break the Leap Day curse and close higher?

Tiger_comments
02-29
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Today is Leap Day. February 29th, a date that only occurs once every four years.

Its origin goes back over 2000 years to when Julius Caesar fixed the calendar in 45 BCE, acknowledging a year is a bit longer than 365 days.

How will market perform on this special day?

It's worth noting that $S&P 500(.SPX)$ has risen for 4 consecutive months. As of now, the monthly gain for February stands at 4.62%!

Historical data suggests that both the $S&P 500(.SPX)$ and $DJIA(.DJI)$ tend to underperform.

Since 1950, Leap Day has experienced gains only 38.5% and 30.8% of the time. It's noteworthy that US stock indices have declined on each of the past three Leap Days.

Source: TradingView, StoneXSource: TradingView, StoneX

Some believe Leap Day will bring forth a once-every-four-years curse, leading to a market downturn tonight in the US stock market.

Others think February will post a strong ending, with the S&P closing higher on the last day. The anticipated correction that the market has been worried about and waiting for might occur in March.

How will S&P 500 close on the special February 29th? Green or Red?

After another happy month, how do you expect for March?

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Marching into March: How Will the Stock Market Fare?
$S&P 500(.SPX)$ has risen for 4 consecutive months. February seems to have broken the spell of its worst performance. Last year, March witnessed a bank run. This year's March also faces the test of elections. How will March fare? How do you expect March?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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Comments

  • koolgal
    02-29
    koolgal

    🌟🌟🌟All eyes will be on the all important PCE report tomorrow.  If it is higher than expected, it could mean further delays to the Feds cutting interest rate.  However if it is lower than expected the markets may jump.

    Whatever the outcome maybe, the next Leap Year will be in 4 years' time.  As a long term investor it does not really matter as this is just a small blip in the scheme of things.  The S&P500 has always been on a uptrend over the years with a few years down.  This is the normal volatility in the markets and is the price we pay to receive outsized gains in the long term.

    @Tiger_comments  @TigerStars

  • Shyon
    03-01
    Shyon
    Year of Dragon, filled with good luck and strength. Therefore, I strongly believe that this year S&P will be in green in this special 29th Feb leap year. This is not the pure reason, the reason behind is more due to the strong earnings report from many companies which help to push the market higher. After a few months of rally, I believe March will be more challenging but shouldn't be an issue if we trade cautiously. Good luck everybody! 🍀🤞🏼🍀🤞🏼🍀🤞🏼
  • icycrystal
    03-01
    icycrystal
    as of now, time of writing, $S&P 500(.SPX)$ is in the green... so I shall remain hopeful [smile] [smile] [smile]
  • Tiger_comments
    03-06
    Tiger_comments

    @MasterStonker

    @Success88

    @ECLC

    @highhand

    @TimothyX

    @Finarich

    @VONG228

    @icycrystal

    @nomadic m

    @Shyon

    @koolgal

    Thank you for commenting on my post. Your coins have been sent to your account~ Don't forget to check your tiger coins💖

  • nomadic_m
    03-01
    nomadic_m
    too late to comment? I think $S&P 500(.SPX)$ did finished green 💚

    I foresee march to be another good month. call me hopeful, but what's life without hope?

    fun fact... did you know that leap day is a day for women could propose to men?

  • TimothyX
    02-29
    TimothyX
    值得注意的是$標準普爾500（。SPX）$已經上升到r連續4個月.截至目前，2月份的月度漲幅爲4.62%！


    歷史數據表明$標準普爾500（。SPX）$和$道瓊斯（。DJI）$往往表現不佳。


    自1950年以來，閏日的漲幅僅爲38.5%和30.8%。值得注意的是，在過去的三個閏日，美國股票指數每天都在下跌。
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