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Chill out market haters, stocks are goin’ up in March says the history textbooks.
Despite lingering fears on the health of the market after a nasty February correction, March has tended to be a solid month for investors. Here are several bullish historical stats on markets in March via Ryan Detrick, senior market strategist for LPL Financial.
- During a mid-election year, March has been down only once in eight instances since the mid 1980s (1994).
- Over the past 10 and 20 years, March has ranked as the second best month on average, at 2.4% and 2.1%, respectively; since 1950 it has been up 1.2% on average, which ranks fourth.
- Since 1950, when March has begun the month above its 200-day moving average, the average return has improved to 1.3%.
- Over the past 20 years, when March has finished in positive territory, the returns have been quite strong-with a return of 4.1% on average. Only October sports a better return when positive.