Who’s the Fool? 🃏

Who’s the Fool?

April Fools is that one holiday where everyone can have a good joke to start off the month. It wasn’t celebrated with as much passion during the COVID years, but it’ll be back in full swing. Investors, having great personalities, recognize holidays very well. Back in December, we talked about the Santa Rally, where the market would close the year and open the next year with green days only. Trends like that are created with holidays in the market, and the same could be said for April Fool’s Day.

Since 2010, market days on April 1st have posted only 3 instances of falling compared to 6 instances of larger growth. In fact, April Fool’s Day last year saw the market rising by 1.08% to an all-time high at that point in time. Weirdly enough, when you look at more years of data, this trend is shown. Usually, the two trading days before April Fools are red days, and April Fools comes and saves the day. If we look at Wednesday and Thursday, both ended in negative numbers for the S&P 500, and the results of April Fool’s Day 2022 await us. Others have also noticed a trend where the first trading day of each month is green as new money comes into the market, which is fortunate as April 1st is that day. All signs point to today being a green day, but things aren’t guaranteed as always.

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

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