September tends to be a difficult month for stocks.
September 2021 was no different.
However, the market tends to pick up sometime in October.
For example, the following chart illustrates the average calendar month gain for the Dow since 1950.
The chart illustrates that the Dow has tended to put in a small gain in October.
This October gain has been followed by successive gains through the calendar month of April.
What is the Dow average monthly gain?
Since 1950, the Dow has gained 0.7% per calendar month on average.
What was the Dow's largest monthly loss?
The largest calendar month loss for the Dow since 1950 was 23.2% for the calendar month of October 1987.
What was the Dow's largest monthly gain?
The largest calendar month gain for the Dow since 1950 was 14.4% for the calendar month of January 1976.
What is meant by the stock market adage, 'Sell in May and walk away'?
Sell in May is based on the stock market’s tendency to underperform for the six calendar months of May through October and outperform from November through April.