Market history says a rocky August points to a worse September
Stock market investors hate to see Summer end, and its not because they fear shorter days or back-to-school.
August is typically a weak month for stock market performance, and September is the only month that, on average, is worse for equity market prices.
Since 1937, the average monthly performance of the S&P 500 index and the Dow Jones Industrial Average is a 1% decline, while the Nasdaq Composite indexhas seen an average fall of 0.5%, according to Dow Jones Market Data.
Such performance would not be welcome news for equity market investors, who suffered through a 1.9% August decline for the Dow, a 2% loss for the S&P and a 2.9% drop for the Nasdaq. These are the worst August performances for all three benchmarks since 2015.
And following an August when the S&P 500 has fallen more than 1.5%, the Dow performs worse, down 1.1%, while the Nasdaq tends to decline by 0.8%. The S&P 500 does a bit better than the average September following an August decline of 1.5% or more, falling 0.9%.
https://www.msn.com/en-us/money/markets/market-history-says-a-rocky-august-points-to-a-worse-september/ar-AAGzlYU?li=BBnbfcN&pfr=1