If you thought August was a rough month for stocks, you might want to brace yourself for this month.
Stocks tumbled in August, handing the S&P 500 its second monthly loss this year. And odds are that investors won’t recoup those losses in September.
“History says be prepared for a down month because it’s the only month since World War II to post a decline more frequently than an advance,” says Sam Stovall, chief investment strategist at CFRA.