Historically, September is the worst month of the year for stocks. It’s part of the reason, to go along with options expiration, and general nervousness about the market that we said last week that we could be seeing more down days ahead.But it’s also important to put the current sell-off in perspective and not get overly emotional. The S&P 500 is only down just under 2% for the month.
For the week ahead, let’s see how stocks respond. Generally, you should expect a market sell-off of 5% to occur a few times a year and thus far in 2021, we have not had any of that size. Now, we are not saying that is what’s going to happen, but if it does, it shouldn’t be considered anything out of the ordinary.
This has been your Weekly Market Minute, and we’ll see you on Monday – prefer to listen or watch? Check out our video & audio formats below: