Why September historically spells trouble for stocks
Stocks have calmed after a rocky start to August. Tech stocks (XLK) have bounced back, and markets (^DJI, ^IXIC,^GSPC) seem stable for now. But September, historically the weakest month for stocks, is approaching. According to Bank of America (BAC) data, the S&P 500 only rose 44% of the time during September since 1928. Furthermore, in presidential election years, both September and October have historically yielded underwhelming average returns of -0.46% and -0.34%, respectively. On today's Market Minute, Yahoo Finance executive editor Brian Sozzi discusses these historical market trends, considering what they might mean for current market conditions.
