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September Almanac:
DJIA, S&P 500 and Nasdaq
Worst Month of the Year

Start of the business year, end of summer vacations, and back to school once made September a leading barometer month in first 60 years of 20th century, now portfolio managers back after Labor Day tend to clean house. Since 1950, September is the worst performing month of the year for DJIA, S&P 500, Nasdaq (since 1971), Russell 1000 and Russell 2000 (since 1979), notes Jeff Hirsch, editor, Stock Trader’s Almanac and Almanac Investor newsletter.

After four solid years from 1995-1998 during the dot.com bubble buildup, S&P 500 was down five Septembers straight from 1999-2003. In the 17 years since, S&P 500 has advanced 11 times in September and declined six times, explains Hirsch.

In post-election years, September’s overall rank improves modestly in post-election years going back to 1953 (third or fourth worst month depending on index). Average losses are little changed. Although September 2001 does influence the average declines, the fact remains DJIA and S&P 500 have declined in 9 of the last 17 post-election year Septembers. Russell 2000 has the best post-election year record, up seven times in 10 years.

Editor’s Note: Sign up today for a FREE 7-Day Trial to Almanac Investor to get a full run down of seasonal tendencies that occur throughout each month of the year in a easy-to-read calendar graphic with important economic release dates highlighted, Daily Market Probability Index bullish and bearish days, market trends around options expiration and holidays. In addition, the Monthly Vital Statistics Table combines stats for the Dow, S&P 500, Nasdaq, Russell 1000 and Russell 2000 and puts them all in a single location available at the click of a mouse. For FREE 7-Day Trial to Almanac Investor Click Here.

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