FXStreet reports that Andrew Sheets, Chief Cross-Asset strategist for Morgan Stanley, notes that over the last 30 years, April has been one of the best months of the entire year - and this year, the rainy month could have some extra advantages.

“For global stocks, returns in April tend to be about 2% better than average, while the returns in May through September are about 1% worse. Still, every little bit matters, and over time, these small numbers can make a difference.”

“This April should be the last month where economic data is strong, but US core inflation is still below 2%. First-quarter earnings and economic data have an additional advantage this month - it's the one-year anniversary of the lows in economic activity from last year. As such, any year over year comparison is going to be highly favorable.”