Almanac Trader — May’s First Trading Day: Russell 2000 Best Higher…

The first trading day of May has had a bullish history over the past 27 years. DJIA, S&P 500 and NASDAQ have all averaged around 0.35% on the day. Russell 2000 has the best track record, up 19 times or 70.4% of the time since 1998. With an average gain of 0.22%, Russell 2000 is slightly weaker. NASDAQ bullishness fading recently, down 5 of the last 6 years. May’s first trading day’s worst loss was in 2020. DJIA and S&P 500 shed over 2.5% while NASDAQ and Russell 2000 dropped over 3%. In 2022, NASDAQ and Russell 2000 both gained over 1%.