Leap Day Should Provide for Ho-Hum Trading Session (SPY)

The S&P 500 is trading down modestly today and, based on historical performance, that might not change much.

The following table provides for the performance of the S&P 500 on February 29th over the past several decades. There are 16 data points given that February 29th is a leap day, which happens every four years to balance time gained due to the rotation of the earth (we actually have ~365.25 days per year, so one is added in every four years).

As can be seen, only 38 percent of the recorded days ended positively, with the average move being a hair negative:

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