User: domg: my stack: November Top Performing $DIA Month in Election Year - Stock Trader's Almanac Blog
November Top Performing $DIA Month in Election Year - Stock Trader...
Yale & Jeff Hirsch
About the EditorJeff is editor in chief of the Almanac Investor newsletter Stock Trader's Almanac, StockTradersAlmanac.com, and the Hirsch Organization. He makes frequent appearances on CNBC, CC, Fox, and Bloomberg. Yale Hirsch is founder of the Stock Trader’s Almanac.
November Almanac Investor Seasonalities (Stock Trader's Almanac Pages 92, 94 and 96)
Dow: 57.1% S&P: 61.9% NAS: 52.4% R1K: 57.1% R2K: 52.4%
"Every age has a blind eye and sees nothing wrong in practices and institutions, which its successors view with just horror. "—Sir Richard Livingston (On Education)
November Top Performing $DIA Month in Election YearBy Jeffrey A. Hirsch & Christopher Mistal
November begins the “Best Six Months” for the DJIA and S&P 500, and the “Best Eight Months” for NASDAQ. Small caps come into favor during November but don’t really take off until the last two weeks of the year. November is the number-three DJIA and S&P 500 month since 1950. Since 1971, November also ranks third for NASDAQ. November is second best for Russell 1000 and Russell 2000 fourth best since 1979.
November maintains its status among the top performing months as fourth-quarter cash inflows from institutions drive November to lead the best consecutive three-month span November-January. The month has taken hits during bear markets and November 2000, down –22.9% (undecided election and a nascent bear), was NASDAQ’s second worst month on record—only October 1987 was worse.
November’s market strength improves further in presidential election years. DJIA has advanced in 9 of the last 15 election years since 1952 with an average gain of 1.6%. Significant DJIA declines occurred in 2008 (-5.3%) and 2000 (-5.1%).
Not a subscriber? Sign up today for a Free 7-Day Trial to Almanac Investor to continue reading our latest market analysis and trading recommendations. get a full run down of seasonal tendencies that occur throughout each month of the year in an easy-to-read calendar graphic with important economic release dates highlighted, Daily Market Probability Index bullish and bearish days, market trends around options expiration and holidays. In addition, the Monthly Vital Statistics Table combines stats for the Dow, S&P 500, NASDAQ, Russell 1000 and Russell 2000 and puts them all in a single location available at the click of a mouse.
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