Why 2021 Is the Kind of Year to Banish the September Stock Blues

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Illustration by Elias Stein Text size Stocks famously perform poorly in September. But that may not necessarily be the case in a year like 2021. Since 1928, the average September return for the S&P 500 has been a 0.99% loss. That makes the month far worse than May, which ranks second in investor gloom with an average loss of 0.11%. But there’s a caveat here. History also finds that Septembers that follow strong gains earlier in the year tended to have positive returns. When the S&P 500
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