Why You Should Think Twice Before Betting That Stocks Will Have a Rough September
The problem with this theory is that, if true, you would expect stock markets in the southern hemisphere to experience a pattern that is six months off what we see in the US. But I could not find such a pattern. When ranked by average returns, April is the second best month on the calendar for the South African stock market (as rated by the FTSE South Africa Index since 1988, according to FactSet). According to my analysis of Australian stock market data from the Organization for Economic Co-operation and Development, data going back to 1960, February and March are on average no worse than the other months of the calendar.