The next 2 weeks have a pretty big negative seasonality. The week prior, and following Labor Day have historically been negative for stocks:
” For all 5-day periods over the last 20 years, the Dow has averaged a change of +0.15%. The average change for the Dow in the 5 days before Labor Day has been -0.54% over the last 20 years, which is pretty big underperformance. During the 4-day work week following Labor Day, the Dow has also averaged declines (-0.04%) over the last 20 years.”
in Bespoke Investment Group
I am back to my trading desk and I am will take my time to re-adapt to the office, and to the markets. It won`t be difficult to start trading again, having the trading account very close to all time highs.
Have a great day.
Related ETFs: SPDR Dow Jones Industrial Average ETF (DIA), ProShares UltraShort S&P500 (ETF) (SDS) , SPDR S&P 500 ETF (SPY), iShares Russell 2000 Index (ETF) (IWM)
