2020 is not only the beginning of a new decade, it’s also a leap year. Since it takes Earth about 365.242 days to make one trip around the sun, the Gregorian calendar includes an extra day in February nearly every four years. This extra day, of course, is February 29, otherwise known as leap day.
So, what does this all mean for the stock market? With the extra time we get from our extra day on the calendar this year, we’re going to take a look at stock market performance during leap years to see if they have an extra effect on market performance.
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Commentaries are published by Cetera Investment Management LLC, an SEC registered adviser owned by Cetera Financial Group. Cetera Investment Management provides market perspectives, portfolio guidance, model management, and other investment advice to its affiliated broker-dealers, dually registered broker-dealers and registered investment advisers.
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