Chart of the Day - Tuesday, September 1st, 2020

Today’s Chart of the Day was shared on Twitter by Equity Clock (@EquityClock). The S&P 500 rose more than 7% last month, marking the best August for the index since 1986. As you can see, September has been the worst month for stocks over the past 20-years, with the S&P 500 falling 0.80% on average. In a recent note, seasonality expert, Jeff Hirsch pointed out that September has been slightly better in election years, but still pretty negative. This seasonal headwind is certainly something to keep in mind as we begin the new month. As we know, 2020 has been anything but "typical" so far, and the market has completely ignored its seasonal pattern. The "Sell in May & Go Away" crowd has missed out on a 24.5% gain since May 1st. Will the bears come out of hibernation this month? Or will the S&P 500 extend its monthly winning streak to six? Stay tuned!