Market Commentary
Mon, 30 September 2013
Positive 4th quarter on the way?
The S&P 500 shows a year-to-date 2013 gain of 19%, including a September gain of over 3%. This is a bit of a surprise as September is often the weakest month of the year for stocks.
Research by Sam Stovall, chief equity strategist at S&P Capital IQ suggests that, on average, the S&P 500 follows a positive September with a 4.7% gain for the final three months of the year. The performance has been positive 80% of the time dating to 1945.
This is good news for investors, even in the face of the political shenanigans out of Washington once again.
Research by Sam Stovall, chief equity strategist at S&P Capital IQ suggests that, on average, the S&P 500 follows a positive September with a 4.7% gain for the final three months of the year. The performance has been positive 80% of the time dating to 1945.
This is good news for investors, even in the face of the political shenanigans out of Washington once again.
Posted: 5:35 CST
Fortress Investment Services, Ltd.
John A. Urbanski
18828 Nature Lane
Eden Prairie, MN 55346
(952)949-0744