Friday, September 24, 2010

How September Has Fared!



Bespoke Investment Group posted this week on September's performance so far. 
 
"....{T}he S&P 500 is still on pace to have its best September since 1939. With a month to date (MTD) gain of 8.1%, the S&P 500 is still well behind the 15.6% MTD gain from September 1939, but still ahead of the 7.6% MTD gain we saw back in 1998. As shown in the table, strong Septembers seem to come in clusters. This is the second year in a row where the S&P 500 has been up more than 5% on a MTD basis, as the index was up 5.0% at this time in September 2009. The S&P 500 was also up more than 5% at this point in the month for three years in a row back in 1996, 1997, and 1998, and back in the 1950s, both September 1954 and 1955 were also up more than 5% as of September 22nd....."


*Long ETFs related to the S&P 500 in client and personal accounts.