Chart Courtesy: Ryan Detrick, Schaeffer’s Investment Research
As for December, the last month of the year is one of the best for stocks. “From 2003 thru 2012, 8 of those years (80%) saw the market up in December. The average return for those Decembers was 2.53%. Only 2 years saw the month of December down. The average move in those two December months was -0.48%,” according to Kevin Matras of Zack’s.
As for the three-week period of the Friday before Thanksgiving 2012 through the first Friday of December, here is a chart of the return offered by the SPDR S&P 500 (NYSEArca: SPY), Guggenheim S&P Equal Weight ETF (NYSEArca: RSP), PowerShares QQQ (NasdaqGS: QQQ) and the iShares Russell 3000 ETF (NYSEArca: IWV).
Tom Lydon’s client own shares of SPY, RSP and QQQ.