Today is the last day of October and a really busy day for many: the U.S. East Coast needs to start the clean-up of all the wreckage from hurricane Sandy; stock markets in New York have re-opened after an almost unprecedented four-day break and the night promises to be a long one with Halloween! With today also being the last day of the month, many fund managers will be trying to “dress” their portfolio’s and also clearing out old holdings to buy new assets.
As we now approach the final straight towards the the end of the year and the all important festive period gets underway which, for many companies - particularly many retailers, is a time when they generate a large amount of their profits, what chance an end of year rally? And, historically, has November really been a friendly month for equity investment?
We have collected data from the last 25 years regarding the FTSE 100, S&P 500 and Nikkei 225 to investigate just how they have performed during November & also December. Of course, past data is not any assurance of future performance but rather guidance that one may wish to take into account.
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