P Spx: April and Bull Market

p spx: U.S. stocks' strength in April has been especially apparent in the current bull market, Ryan Detrick, senior market strategist for LPL financial wrote in a Monday research note, according to Market Watch. The Dow Jones Industrial Average DJIA, 0.15% has closed up in April for the last 13 years, while the S&P 500 has closed up in April for 12 out of the past 13 years. Since 1999, the S&P 500 SPX, 0.21% has risen 1.7% on average during the month of April, according to LPL Financial. LPL Financial Caption outside of wrapper for normal article images It is hard to say what has caused positive seasonality at this point in the year, Detrick wrote. Bullish analysts said there is reason to be hopeful that stocks will perform well in more than just April, given the S&P 500's 13.1% rise in the first quarter, its best quarterly performance in nearly 10 years. Investors could be heaving a sigh of relief after a typically volatile first quarter, managers could be squaring up portfolios at the start of a new quarter, or the advent of spring and warmer weather could just lighten up everybody's moods. (news.financializer.com). As reported in the news.