It is in late September when more weakness is seen. pic.twitter.com/0ZoG2OWwDX
— Alfonso Depablos (@AlfCharts) September 1, 2022
Today’s Chart of the Day was shared by Alfonso Depablos (@AlfCharts). September is notoriously the worst month for stocks, with the S&P 500 falling an average of -0.54% since 1950. Alfonso breaks down the month by average daily performance, pointing out that the weakest part of September tends to occur towards the end of the month. Other technicians, like Ryan Detrick, have pointed out recently that September can be especially tricky when the year is off to a bad start. As we kick off the new month, be aware of the seasonal headwind, especially later this month.