Stock Market

It is telling that, amid the doom and gloom on Wall Street, some investors have been looking for hope in an unusual place: stockmarket seasonality. At the start of April, as investors fretted about rising inflation, tightening monetary policy and the war in Ukraine, analysts at Bank of America predicted a “solid rally” in the stockmarket, driven in part by the tendency for share prices to outperform during the month of April. Alas, the rally did not materialise. Although the S&P 500 index of big American firms has generated a return of 1.41%, on average, in the month of April since 1928—the second-best month behind July—this year it tumbled by 8.8%, its worst showing since 1970. In the year to date, the benchmark index has fallen by 13.3%. There are a few glimmers of hope, however. Fir...

It is telling that, amid the doom and gloom on Wall Street, some investors have been looking for hope in an unusual place: stockmarket seasonality. At the start of April, as investors fretted about rising inflation, tightening monetary policy and the war in Ukraine, analysts at Bank of America predicted a “solid rally” in the stockmarket, driven in part by the tendency for share prices to outperform during the month of April. Alas, the rally did not materialise. Although the S&P 500 index of big American firms has generated a return of 1.41%, on average, in the month of April since 1928—the second-best month behind July—this year it tumbled by 8.8%, its worst showing since 1970. In the year to date, the benchmark index has fallen by 13.3%. There are a few glimmers of hope, however. Fir...

It is telling that, amid the doom and gloom on Wall Street, some investors have been looking for hope in an unusual place: stockmarket seasonality. At the start of April, as investors fretted about rising inflation, tightening monetary policy and the war in Ukraine, analysts at Bank of America predicted a “solid rally” in the stockmarket, driven in part by the tendency for share prices to outperform during the month of April. Alas, the rally did not materialise. Although the S&P 500 index of big American firms has generated a return of 1.41%, on average, in the month of April since 1928—the second-best month behind July—this year it tumbled by 8.8%, its worst showing since 1970. In the year to date, the benchmark index has fallen by 13.3%. There are a few glimmers of hope, however. Fir...

It is telling that, amid the doom and gloom on Wall Street, some investors have been looking for hope in an unusual place: stockmarket seasonality. At the start of April, as investors fretted about rising inflation, tightening monetary policy and the war in Ukraine, analysts at Bank of America predicted a “solid rally” in the stockmarket, driven in part by the tendency for share prices to outperform during the month of April. Alas, the rally did not materialise. Although the S&P 500 index of big American firms has generated a return of 1.41%, on average, in the month of April since 1928—the second-best month behind July—this year it tumbled by 8.8%, its worst showing since 1970. In the year to date, the benchmark index has fallen by 13.3%. There are a few glimmers of hope, however. Fir...

It is telling that, amid the doom and gloom on Wall Street, some investors have been looking for hope in an unusual place: stockmarket seasonality. At the start of April, as investors fretted about rising inflation, tightening monetary policy and the war in Ukraine, analysts at Bank of America predicted a “solid rally” in the stockmarket, driven in part by the tendency for share prices to outperform during the month of April. Alas, the rally did not materialise. Although the S&P 500 index of big American firms has generated a return of 1.41%, on average, in the month of April since 1928—the second-best month behind July—this year it tumbled by 8.8%, its worst showing since 1970. In the year to date, the benchmark index has fallen by 13.3%. There are a few glimmers of hope, however. Fir...

It is telling that, amid the doom and gloom on Wall Street, some investors have been looking for hope in an unusual place: stockmarket seasonality. At the start of April, as investors fretted about rising inflation, tightening monetary policy and the war in Ukraine, analysts at Bank of America predicted a “solid rally” in the stockmarket, driven in part by the tendency for share prices to outperform during the month of April. Alas, the rally did not materialise. Although the S&P 500 index of big American firms has generated a return of 1.41%, on average, in the month of April since 1928—the second-best month behind July—this year it tumbled by 8.8%, its worst showing since 1970. In the year to date, the benchmark index has fallen by 13.3%. There are a few glimmers of hope, however. Fir...

It is telling that, amid the doom and gloom on Wall Street, some investors have been looking for hope in an unusual place: stockmarket seasonality. At the start of April, as investors fretted about rising inflation, tightening monetary policy and the war in Ukraine, analysts at Bank of America predicted a “solid rally” in the stockmarket, driven in part by the tendency for share prices to outperform during the month of April. Alas, the rally did not materialise. Although the S&P 500 index of big American firms has generated a return of 1.41%, on average, in the month of April since 1928—the second-best month behind July—this year it tumbled by 8.8%, its worst showing since 1970. In the year to date, the benchmark index has fallen by 13.3%. There are a few glimmers of hope, however. Fir...

It is telling that, amid the doom and gloom on Wall Street, some investors have been looking for hope in an unusual place: stockmarket seasonality. At the start of April, as investors fretted about rising inflation, tightening monetary policy and the war in Ukraine, analysts at Bank of America predicted a “solid rally” in the stockmarket, driven in part by the tendency for share prices to outperform during the month of April. Alas, the rally did not materialise. Although the S&P 500 index of big American firms has generated a return of 1.41%, on average, in the month of April since 1928—the second-best month behind July—this year it tumbled by 8.8%, its worst showing since 1970. In the year to date, the benchmark index has fallen by 13.3%. There are a few glimmers of hope, however. Fir...

It is telling that, amid the doom and gloom on Wall Street, some investors have been looking for hope in an unusual place: stockmarket seasonality. At the start of April, as investors fretted about rising inflation, tightening monetary policy and the war in Ukraine, analysts at Bank of America predicted a “solid rally” in the stockmarket, driven in part by the tendency for share prices to outperform during the month of April. Alas, the rally did not materialise. Although the S&P 500 index of big American firms has generated a return of 1.41%, on average, in the month of April since 1928—the second-best month behind July—this year it tumbled by 8.8%, its worst showing since 1970. In the year to date, the benchmark index has fallen by 13.3%. There are a few glimmers of hope, however. Fir...

It is telling that, amid the doom and gloom on Wall Street, some investors have been looking for hope in an unusual place: stockmarket seasonality. At the start of April, as investors fretted about rising inflation, tightening monetary policy and the war in Ukraine, analysts at Bank of America predicted a “solid rally” in the stockmarket, driven in part by the tendency for share prices to outperform during the month of April. Alas, the rally did not materialise. Although the S&P 500 index of big American firms has generated a return of 1.41%, on average, in the month of April since 1928—the second-best month behind July—this year it tumbled by 8.8%, its worst showing since 1970. In the year to date, the benchmark index has fallen by 13.3%. There are a few glimmers of hope, however. Fir...