Stocks may be headed for more pain as second half of September is historically 'very bearish'

See: What history says about September and the stock market after summer bounce runs out of steam

To wit, Bank of America BAC technical research strategist Stephen Suttmeier pointed out in a recent research note that “seasonality data back to 1928 show that the last ten days of the month tend to be weaker than the first ten days of the month for every month except for December.” Suttmeier illustrated this in a chart showing that the S&P 500 has seen an average decline of more than 1% during the final ten trading days of the month.

This is anything but 'historical' year.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'More pain to come' for stocks as S&P 500 likely to bottom around 3,300, Interactive Brokers' founder saysThomas Peterffy, the chairman and founder of Interactive Brokers, sees more pain ahead for stocks as his customers are keeping their cash holdings at record... Definitely possible Ooooh shut up aleady Time to buy then!
Source: MarketWatch - 🏆 3. / 97 Read more »