Saw an article in the paper recently that said that December was a great month for stocks, until this year.
That article was written after there had been five trading days in December. At the time, December could still have been a good month for stocks, but there’s not much time left, and its not looking good.
It might be a terrible month for stocks. And just because it’s been good most years, (I think three-quarters of the time it’s been positive), and it might be the month with the highest annual average percentage over time, remember, we’re not talking about thousands of data sets here. We’re talking about numbers from the 1900s to now and so kind of take them with a grain of salt.
That’s not to say that one month is always good and one month is always bad. And by December 10th we didn’t know how good or bad December was going to be. Yeah, the first week was pretty crappy, but we’ll see how the rest of it turns out. Well, turns out, it was worse.
Anyway, always interesting looking at the capital markets and always interesting looking to see what other people say about them.
Mike Garry, Yardley Wealth Management. We are a fiduciary, fee-only financial planning, and wealth management firm in Newtown, Pennsylvania. That’s in Bucks County. If you’d like to talk about this or anything else, please reach out: 267-573-1019, email@example.com or @michaeljgarry
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