SPX index… S&P 500 typically outperforms in week following tax deadline, data shows
If history repeats itself, the S&P 500 should outperform later this week and early next week.
The broad index has seen a median advance of 0.83% in the week’s worth of trading days following the tax deadline, according to a Bespoke Investment Group analysis of the past 25 years. This year’s deadline is Tuesday.
Of the past 25 years, the S&P 500 has traded positively in 76% of the five-day periods following the deadline.
That’s better than a typical one-week period for the broad index over the past quarter-century. In any one-week period over the same timeframe, the S&P 500 posted a median gain of 0.31%. And the index finished those periods in the green just 57% of the time.
— Alex Harring