S&P 500 Seasonality: The Chart That Sends Shivers Down Spines In September, But With Peculiar Twist
Portfolio Pulse from Piero Cingari
A seasonality analysis by Bank of America reveals September as the worst month for the S&P 500 Index, with positive closings only 44% of the time and an average decline of 1.2%. However, when the S&P 500 posts year-to-date gains through August, September has historically shown better performance. In 2023, the SPDR S&P 500 ETF Trust (NYSE:SPY) has delivered a year-to-date return of 17.4% through August, fitting into a historically favorable range.
September 01, 2023 | 7:22 pm
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POSITIVE IMPACT
The SPDR S&P 500 ETF Trust (NYSE:SPY) has delivered a year-to-date return of 17.4% through August, fitting into a historically favorable range for September performance.
The SPY ETF is directly impacted by the performance of the S&P 500. Given the historical data showing better September performance when the S&P 500 has year-to-date gains through August, and considering that SPY has delivered a year-to-date return of 17.4% through August, it is likely that SPY will perform well in September.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100