This Is Your S&P; This Is Your S&P Without Tuesdays

Tyler Durden's picture

Since the mid-November lows, the S&P 500 has gained a remarkable 268 points on the back of faith, hope, and Bernanke/Kuroda charity. But perhaps what is more mind-numbing is that this efficient market has given us more than 50% of those gains on Tuesdays. With 17 up-days in a row, Tuesday is the Monday dip-buyers dream. Since 1/18, absent Tuesdays, the S&P 500 has gone nowhere. Maybe Bob Geldof needs to write a new song for the US investor "I do like Tuesdays", or at least a slightly revised cover version of the Bangles' "Manic Tuesday".

 

What would we do without Tuesdays?

 

Tuesday is a massive outperformer...

 

and just to be clear... Tuesday's gains dwarf the rest of the week's total gains...

 

Charts: Bloomberg