We’ve been in a raging four-year bull market in most things since the pandemic but one month missed the memo: September.
Here I highlight the S&P 500 over the past four Septembers, all negative months. Of the 52 months since April 2020, just 17 of them have been negative, or 32.7%. However, of the negative months, 23% of them have been Septembers.
It’s not a new phenomenon either, as September is the worst month over the long history of the Dow Jones Industrial Average.
It’s not always the case in the S&P 500 as there was a sparkling 8.8% rally in 2010 and rallies of 2.42% and 2.97% in 2012 and 2013.
The good news is that a dip in October or September is usually worth buying as November is the second best month (after April).
For more, see my September seasonals package.
This article was written by Adam Button at www.forexlive.com.
Leave a comment