The market had a pretty good August, with the S&P 500 posting a gain of 3.8 percent. That was not only the strongest month for the market since February - it was the best August the S&P has had since the year 2000.
And we may need it, since historically September is the S&P 500's worst month, according to S&P Dow Jones Indices. The index has averaged just over a 1 percent decline in September and has been positive less than half the time.
Last year, the S&P dropped by 3.1 percent in August, then had an atypically strong September, gaining 3.0 percent. It may well be that the two months are likely to move in opposite directions, and that the rise in August this year may make it more likely that we'll suffer a decline in September.
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