Even as stocks look set to scale fresh altitudes in September, the feeling of dread on Wall Street is palpable.
Even as stocks look set to reach new highs in September, the feeling of dread on Wall Street is palpable.
Ultimately, September 2020 registered a 3.9% decline for the S&P 500, coming after five straight months of sharp gains in the aftermath of the COVID-19 pandemic that brought financial markets, and the general public, to a near standstill. “I think that September, and the volatility that’s usually around in September, can really come back into play,” the trader said.
Paul Schatz, the president of Heritage Capital, offered some similar advice in a blog post, noting that the negative data on September also depends on how you look at the statistics around the month’s performance. He makes the argument that the performance of August, which was strong this year , plays a factor in September figures.
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