U.S. Markets closed

Stock Trader's Almanac: Beware Late March Selloff, Not the Ides

The so-called "Ides of March" are nearly upon us, but it's the final few days of the month that traders should beware, says Jeffrey Hirsch, Editor in Chief of the "Stock Trader's Almanac". The last 3 or 4 days of March have been net losers for the Dow in 14 out of the last 24 years. That said, March has been the third best Nasdaq month during midterm election years with an average gain of 2.1%. As for commodities, Hirsch says gold is shining brightly this season and oil is also in an uptrend.