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Superstitious or not, Friday 13th in May has been historically mixed

Since 1930, the S&P 500 has traded a grand total of 155 Friday 13th across all twelve months. The overall track record is 85 up days and 70 down days with a modestly bullish average gain of 0.03% on all Friday 13ths. The worst Friday 13th loss was 6.12% in October 1989. This day is often referred to as “Black Friday.” The best Friday 13th gain was 9.29% in March 2020. Digging deeper into the data reveals that May Friday 13th has been up 6 times, down 7 times with an average loss of 0.45%.

DJIA, S&P 500 and NASDAQ are all on the verge of extending their respective weekly losing streaks another week despite today’s bounce. Considering recent volatility it still remains to be seen if this morning’s gains can hold until the close. Whether or not gains hold, will likely have little to do with superstition.

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Top image courtesy of https://www.kidrobot.com

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