Chart of the Day - Monday, March 1st, 2021

Today’s Chart of the Day comes from EquityClock.com. It's a seasonal composite of the S&P 500 compiling data from the past 20-years. The S&P 500 has been positive in March 55% of the time over the past two decades for an average gain of 0.5%. The beginning of the month tends to start off weak, but things start to look-up in the back half of the month. In terms of rank, March has been the sixth-best month. While the sixth-best month is nothing impressive, the bulls can look forward to the fact that April has been the strongest month over the past two decades. As we know, the market doesn't always follow its seasonal path. However, seasonality does provide some valuable context, and it's something we want to keep in the back of our minds as we kick off the new month.