Can the Spring Melt Up Continue?

Find us at FordFG.comEmail us at [email protected] week Brian talks about how March was a volatile month, but seasonality patterns prevailed, as stocks stuck to the script of back half outperformance. April seasonality trends suggest the melt up could continue. Since 1950, the S&P 500 has posted average and median April returns of 1.5% and 1.2%, respectively.Historical return progressions for April show a strong first half of the month. During the first 12 trading days, the S&P 500 has historically climbed 1.4%, capturing the majority of the gains for the month. The market avoided breaking below the December lows this quarter, triggering a bullish signal on the December Low indicator.Chart: S&P 500 Daily March ProgressionChart: S&P 500 Monthly ReturnsChart: S&P 500 Daily April ProgressionChart: December Lows IndicatorTracking # 1-05366146, 424964-1Send in your questions!