September has been tough for stock investors, according to financial blog Bespoke, and history says the last day of September may deliver one more blow to already battered markets.
A Bespoke report examining data as far as 1945, the S&P 500 has posted positive returns at just 38 percent on the last day of September, making it one of the worst trading days of the year.
“September has marked a particularly rough stretch for the S&P 500, with only the week of Sept. 11 closing higher as China’s slowdown, global economic uncertainties, and lack of clarity on the timing of the Federal Reserve’s expected interest-rate hike have shaken investor confidence,” MarketWatch reports.
MarketWatch markets reporter Sue Chang concludes: “If Wednesday’s trading action follows the historical trend, things could get worse for investors before they get better.”
