Posted on September 5, 2013 | Investor Update
We have now entered what is statistically the worse month of the year for the stock market: September. The S&P 500 has lost 1.12%, on average, in Septembers dating back to 1928, according to Merrill Lynch Wealth Management. September has also been the worst month of the year for the Nasdaq and the Russell 1000 since 1971 and 1979, respectively, according to Jeffrey Hirsch of the Stock Trader’s Almanac. In a recent post, Hirsch observed in post-election years going back to 1953 that “September is the third or fourth worst month depending on index.” He calculates average post-election year September losses of 0.9% for the Dow Jones industrial average, the S&P 500 and the NASDAQ. The Russell 2000 has lost 1.6% on average in post-election Septembers.