April is historically a strong month for equities. It is the best performing month for the Dow Jones Industrial Average, third best performing month for the S&P 500 and fourth best for the Nasdaq Composite Index. It also represents the end of the best six-month period in the market. This is where the “Sell in May and go away” strategy comes from.
March appears to be a relatively non-distinct month on the trading calendar. It is not in the bottom or top quartile of performance metrics in any of the top three equity indexes. It lands at fourth best in the S&P 500, fifth best in the Dow Jones Industrial Average and sixth best in the Nasdaq Composite.