The S&P 500 and the MSCI World Index posted gains in April fitting their historical pattern. Here's what history indicates is in store for May.
May is no April for stock markets. After surviving a scare from the banking sector in March, stocks posted gains in April and fit the historical pattern seen over half a century or more. On the other hand, May hasn't been such a sure performer historically, according to CNBC Pro's analysis of S & P 500 index data on FactSet dating back to 1928. On average, stocks have risen in May 56 out of the 95 years, or about 60% of the time. The market jumps by 3.
For the second quarter as a whole, the direction of travel for the S & P 500 was less clear . Still, on a yearly basis, investors may find comfort in knowing that stock markets generally deliver positive returns after a negative annual performance. Global stocks The MSCI World Index , which captures over 1,500 large and mid-cap stocks across 23 developed countries, has historically underperformed its large U.S. peer in May.
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