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:
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?
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