Can Stocks Hold Gains? Last Day Of The Month Bearish In 2015

Ryan Detrick

Today is the last day of the month and lately it has been pretty rough on stocks, down nine of the past 10 months (based on the S&P 500). Looking back through historical stats, it made it to 10 of 11 just once and that was way back in 1932.

last day of month down stock market year 2015

Looking at this month, the last day of September has been down six years in a row. That is quite a trend for stocks. Perhaps it ties in with the seasonally weak period at the end of September.

Note that the last day of September was down seven years in a row once back in the 1950s.

stock market performance last day september 2009-2015

In fact, the last day of September is historically the worst last day of the month for the stock market. It is higher just 40% of the time and one of just two months with a negative average return on its last day.

stock market performance last day of the month history chart

The good news? The S&P 500 is currently up over 1% at mid-day.  There’s a few hours of trading left, so the big question is: Can it stick?

Thanks for reading and have a great weekend.

 

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