by Chris Mistal | Oct 2, 2020 | Market At A Glance
Seasonal: Improving. October is the last month of the “Worst Six Months” for DJIA and S&P 500 and the last month of NASDAQ’s “Worst Four Months”. In election years, October ranks dead last, but excluding October 2008, ranking improves to mid-pack. Our Official...
by Chris Mistal | Oct 2, 2020 | Almanac Update
October often evokes fear on Wall Street as memories are stirred of crashes in 1929, 1987, the 554-point drop on October 27, 1997, back-to-back massacres in 1978 and 1979, Friday the 13th in 1989 and the 733-point drop on October 15, 2008. During the week ending...
by Chris Mistal | Sep 2, 2020 | Market At A Glance
Seasonal: Bearish. September (since 1950) is the worst performing month of the year for DJIA, S&P 500, and NASDAQ (since 1971). Bullish election-year forces do little to improve on September’s poor overall performance since 1950. Performance does improve slightly...
by Chris Mistal | Sep 2, 2020 | Monthly Outlook
Reflecting on this historic and crazy year from the breezy climes on the southern end of Long Beach Island, New Jersey we are encouraged by the tale of the tape and the stance of monetary policy and fiscal stimulus. Two old market postulates are currently at play:...
by Chris Mistal | Sep 2, 2020 | Almanac Update
Start of business year, end of summer vacations, and back to school 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...
