by Greg Guenthner
Welcome to September—a horror show of losses for investors throughout recorded history.
Statistically, we’re entering the worst trading month of the year. Since the beginning days of the Dow, September is the only month that has averaged a loss. Over the past 120 years, September has posted an average drop of more than 1%.
As summer draws to a close, stocks remain trapped in a tight range. The S&P 500 limped toward a small loss in August. The commodity rally is losing steam. Momentum is diverging. Yet the major averages remain just a breath from their all-time highs.