Chart of the Day - Friday, September 1, 2023

Today’s Chart of the Day was shared by Ed Clissold (@edclissold). September has historically been the worst month of the year for the S&P 500. However, any potential weakness this month could be a buying opportunity if history is any guide. Ed points out that when the S&P 500 has been up +10% or more through July, the final four months of the year have always been positive, by an average of +9.9%. Of course, history is under no obligation to repeat itself, but it does tell us strength tends to beget strength.