September has been the worst month of the year for the S&P 500, with the benchmark index falling an average of 0.56% since 1945, according to Sam Stovall, chief investment strategist at CFRA. The S&P has advanced only 45% of the time in September, the lowest rate of any month, CFRA’s data showed.
NEW YORK: A rally in which United States stocks have doubled from post-pandemic lows is about to enter the year’s worst month for equities, as investors focus on a nationwide Covid-19 resurgence and how quickly the Federal Reserve (Fed) plans to pull back on its easy money policies.
September has been the worst month of the year for the S&P 500, with the benchmark index falling an average of 0.56% since 1945, according to Sam Stovall, chief investment strategist at CFRA. The S&P has advanced only 45% of the time in September, the lowest rate of any month, CFRA’s data showed.
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