Rosh Hashanah starts today so Shanah Tovah to anyone celebrating.
For stock markets though, it's generally not a reason to cheer. The old adage on Wall Street is "Sell Rosh Hashanah, buy Yom Kippur".
That touches on a poor period of seasonality in late September. As Bank of America notes, that the final 10 days of September seen an average decline of 1.1% in US stocks dating back to 1928. Mike Zaccardi notes that the Rosh Hashanah/Tom Kippur period specifically averages -0.5% in the S&P 500.
Yom Kippur ends at nightfall on October 2.
So far this year, the market has bucked the trend of seasonal weakness in the S&P 500 but futures are down 0.3% at the moment.
This article was written by Adam Button at investinglive.com.Hence then, the article about sell rosh hashanah buy yom kippur was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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