Friday the 13th has actually been a pretty good day for stocks
It's Friday the 13th, and while those of us with triskadekaphobia will be on the lookout for broken mirrors and black cats all day, legendary trader Art Cashin is not particularly worried.
In his daily commentary, Cashin notes, "It's Friday the 13th and all of the negative myths surrounding it pop up. Friday the 13th actually has a mild upward bias in stock market history."
We took a look at the performance of the S&P 500 since 1950 and compared the percentage of Fridays the 13th for which the index ended higher than the day before to that percentage for all other days. There is a very small (although not statistically significant) difference between those two percentages in favor of the supposedly unlucky date:
Cashin's notes continue with a few fun anecdotes about the inauspicious date and its history on Wall Street: