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Good riddance to August but September could be just as bumpy for stocks, history shows

September 3, 2019

Via: USA TODAY

If you’re still catching your breath from the stock market’s characteristically wild swings in August, buckle up: September could be even bumpier.

Over the past 50 years, September has been the worst month for stocks, posting an average decline of 0.92%, according to Bespoke Investment Group.

August was no picnic, living up to its reputation as the worst month for the market over the past decade. Even after the past week’s rebound, the Standard & Poor’s 500 index fell 1.8% last month, more than the average 0.78% August decline from 2009 to 2018, according to LPL Financial. The broad index is still up 16.8% for the year but it’s 3.3% off its July 26 high. And the Dow Jones industrial average is 3.4% below its closing high of 27,359 July 15.

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