While we’re told to beware the ides of March, around our office we look forward to this time of year.
Our staff has two proud Spartans who fully embrace the ‘madness’ of this month, while our youngest advisor cheers on his beloved Golden Grizzlies – not exactly a fixture of the Big Dance.
While an estimated $2.5 billion in productivity by American businesses is lost due to the brackets, the markets themselves love it – with the S&P 500 posting positive gains in 11 of the past 12 years during tournament time.
March itself is historically the best month for the S&P, with the index rising by an average of nearly 3% each year since 2007.
The Final Four will actually take place in April – the second-best performing month in the last 10 years.
So fill out a bracket and hopefully Izzo, Beilein or Kampe are cutting down the nets in a few weeks. In between games check out this newsletter – jam packed with information about the other ‘madness’ at this time of year – filing your taxes.