Over the last 32 years small-cap stocks measured by the Russell 2000 have advanced 75.0% of the time on the last trading day of the first quarter with an average gain of 0.31% in all years. Compared to DJIA, S&P 500 and even NASDAQ, Russell 2000’s performance on the day is a standout. Over the same period DJIA has advanced just 37.5% of the time with and average loss of 0.25%. S&P 500 has a similar record to DJIA. NASDAQ takes the middle ground between DJIA and Russell 2000, up 59.4% of the time with an average gain of 0.21%.