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Trad­ing on Fri­day the 13th can be fright­ful

Chicago Sun-Times - - AMERICA’S MARKETS - Adam Shell @ adamshell USA TO­DAY

In­vestors who suf­fer from triskaideka­pho­bia or paraskevidekatriaphobia might want to tread care­fully when trad­ing on Fri­day the 13th.

Triskaideka­pho­bia is the fear of the num­ber 13. Paraskevidekatriaphobia is the fear of Fri­day the 13th.

The Stan­dard & Poor’s 500 stock in­dex per­forms worse on Fri­days that end in 13 than it does on ev­ery other Fri­day. Since 1928, there have been 152 Fri­day the 13ths. And the S& P 500 has posted av­er­age daily gains of 0.02%, lower than the 0.05% gain for the 4,466 Fri­days from 1928 to 2016, ac­cord­ing to Ryan Det­rick, se­nior mar­ket strate­gist for LPL Fi­nan­cial, who penned a re­port, Fri­day the 13th in Oc­to­ber? Oh No! If you an­nu­al­ize those gains, Fri­day the 13th looks even worse, with a 4.2% gain vs. 12.8% for all Fri­days.

If that’s not enough to give an in­vestor pause, Det­rick’s anal­y­sis shows that the two worst “Fri­day the 13th” daily re­turns for the S& P 500 took place in Oc­to­ber.

“You can’t make this stuff up. Happy Fri­day the 13th ev­ery­one,” Det­rick says.

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