Reward 500 Tiger-coinsIt looks like the September Curse may be broken this year?
As of the close on September 27, $S&P 500(.SPX)$ is up 1.59%, closing at 5,738 points. $NASDAQ(.IXIC)$ closed at 18,119, and $DJIA(.DJI)$ hit a new high this month, reaching 42,628.
Historical data shows that September is often the worst-performing and most volatile month for U.S. stocks. Since 2013, the S&P 500 has typically dropped an average of 4.78% in September.
But this year is different — with gains of more than 20%, the market has been performing quite strongly recently. This week, it has already hit its 40th closing high of the year!
Although the September downturn curse may be broken, the "high volatility" prediction seems to have come true.
At the start of the month, poor macroeconomic data caused a major drop in U.S. stocks. Then, last week, an interest rate cut announcement sent the market soaring again.
Now, some Wall Street analysts are forecasting a year-end target of 6,100 points for the S&P 500.
With the September curse broken once again, how is your account doing?
Review your Sept., what lessons do you learn?
Which stock brings you the most profit or losses?
Leave your comments and also post to win at least 5 tiger coins~
Comments
not too bad, seeing that most stocks are in green, hopefully, will stay this way [Grin] [Grin] [Grin]
@Universe宇宙 @HelenJanet @Shyon @Aqa @LMSunshine @GoodLife99 @rL @koolgal @SPACE ROCKET @TigerGPT
With the September curse broken once again, how is your account doing?
Review your Sept., what lessons do you learn?
Which stock brings you the most profit or losses?
Leave your comments and also post to win at least 5 tiger coins~