Debunking Some Bunk: Is September Really That Bad a Month?
September 10, 2019Sometimes our industry grabs on to a concept and cannot let it go. Is September the worst month from a performance standpoint? Does it always/mostly go down? Should one avoid the markets in September? Let’s take a quick look.
Don’t Always Believe What You Read
November 2, 2017Pundits have spoken at length about how so much of the recovery of the financial markets has been based on aspects other than earnings, such as multiple expansion and buybacks. That does not tell the whole story. Since the second quarter of 2009, 69% of the change in the S&P 500 has been due to higher earnings, whereas only 31% of the change has been due to factors like multiple expansion and buybacks.¹
