While stocks held up well during the summer, they pulled back in the first month of fall, which is not surprising as September has been the weakest month for the stock market historically. Since 1896, the Dow Jones Industrial Average has produced an average price return of -1.1%. It is one of only three negative months on average historically, and it is the worst-performing month by a wide margin (0.9%).
In this year’s edition of September, U.S. stocks followed their historical trend by falling -1.4% according to the S&P 500 Index. Foreign stocks continued their run of underperformance versus U.S. stocks…
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