FYI: If April is the cruelest month, august is the sweetest, as we savor the waning days of summer before returning to the grind of school and work.
That is especially so for stock investors, with the S&P 500 and the Nasdaq Composite posting their fifth straight winning months, with respective gains of 3% and 5.7%, and ending August just shy of records set last Wednesday. The Dow Jones Industrial Average added 2.2% for the month but ended 2.4% short of January’s peak. By Wilshire Associates’ calculation, August left investors in U.S. stocks richer by approximately $1.1 trillion.
Regards,
Ted
https://www.barrons.com/articles/stocks-roll-through-summers-end-but-now-comes-september-1535761981