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DJIA Streak of 16 Consecutive Positive Aprils in Jeopardy

As of today’s close, DJIA is down 0.77% in April. S&P 500 is now down 3.06%. NASDAQ has had the most challenging April so far, off 6.25%. Russell 2000 is down as well, but more inline with the S&P 500 down 3.86%. The market’s performance this April stands in stark contrast to past historical performance in midterm years. Typically at this point in midterm-year Aprils all four indexes have been positive on average. Current weakness during the usually bullish month of April is a concern as it demonstrates the elevated levels of uncertainty hanging over the market and the potential for even more pronounced weakness when seasonality turns less favorable in May, the first month of the “Worst Six Months.”

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