The Autumn Chill Arrives Early
The Autumn Chill Arrives Early | |
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| The Autumn Chill Arrives Early By John Persinos
It's the Friday before Labor Day and the first day of September. For me, the seasonal transition from summer to fall is always a melancholy time. Days turn cold; nights grow long. It's especially dispiriting if the month of August has punished the stock market. Sure enough, equities took a beating last month. Below, I review the stock market's performance in August and examine what we might expect in the month ahead. In my August 7 column, Beware: The "Dog Days" Can Still Bite You, I warned you not to get too comfortable in your beach hammock. I was unfortunately correct. The main U.S. stock market indices lost ground in August, as follows: The Dow Jones Industrial Average -2.4%; the S&P 500 -1.7%; the NASDAQ -2.2% (its worst monthly loss of 2023); and the Russell 2000 -5.4%. That said, a recent string of positive sessions helped the indices trim these monthly losses. Read More... |
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