It may be a quirk of seasonality or investing folklore. Either way, the investing strategy known unofficially as a “Sell Rosh Hashana, Buy Yom Kippur” often adheres to a common pattern, where markets slump in September, only to gain some traction higher in October, followed by a better seasonal trading period in November.
“It appears to be evidence based … and you can correlate it to traffic around the New York area,” Hirsch said. Adding to market weakness this season is that Rosh Hashana followed Labor Day, contributing to lower volumes over several sessions, since markets were closed last Monday in observance of the federal U.S. holiday.
This year is shmittah too :[]
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