April is the second best month of the year for the stock market. From 1928 through 2022, the S&P 500 was up 1.4% on average during the month, second only to July's 1.7% average gain (chart).
The S&P 500 is up 1.5% since the end of February through today (chart). That's impressive given that Silicon Valley Bank imploded on Friday, March 10. As a result, the S&P 500 Financials sector is down 10.5% in March. Usually, the stock market tends to do poorly when the Financials sector is in distress. This time so far, four of the sectors are up in March led by Information Technology (8.0%) and Communication Services (7.8) (chart).
