September, which starts Thursday, is the worst month in history for the US stock market.
The Dow and the S&P 500 plunged last September and 2020, but the overall market rose both years. Of course, this doesn’t mean the stock is destined to end in the red in his September of this year. The stock has risen in each of his three pre-pandemic Septembers.
But there is another potentially ominous sign. This year is the year of the midterm elections. The Dow has fallen 11 out of 11 of the past 18 mid-September months ago, according to data from The Stock Trader’s Almanac, which dates back to 1950, CNN reported.
The Fed’s next meeting on rate hikes is Sept. 21. Several key economic reports are out giving investors more clues about the health of the job market and whether inflationary pressures are waning. Congress will also resume session shortly after Labor Day.
“There is no doubt that there are many geopolitical concerns and economic data that could lead to volatility, and investors should be prepared for that,” said Josh Emanuel, chief investment officer at Wilshire. ‘ said.
The stock market had a miserable first half of the year. This means the recent rally — a sharp rise in July and he’s stagnating in August — could continue, CNN reported.
Alex Sharov, co-head of investment strategy at Bernstein Private Wealth Management, said: “Historical concerns about September and October are less important this year. ‘ said. “There are many potential catalysts for the fall rally.”
(Only the headlines and photos in this report may have been modified by Business Standard staff. The rest of the content is auto-generated from syndicated feeds.)