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Friday, September 21, 2018 4:07:07 PM
S&P 500 down 22 of 28 during week after September options expiration, average loss 0.96%
By: Almanac Trader | September 21, 2018
The week after September options expiration week, next week, has a dreadful history of declines especially since 1990. The week after September options expiration week has been a nearly constant source of pain with only a few meaningful exceptions over the past 28 years. Substantial and across the board gains have occurred just three times: 1998, 2001, 2010 and 2016 while many more weeks were hit with sizable losses.
Full stats are in the following sea-of-red table. Average losses since 1990 are even worse; DJIA –1.02%, S&P 500 –0.96%, NASDAQ –1.07% and a whopping –1.40% for Russell 2000. End-of-Q3 portfolio restructuring is the most likely explanation for this trend as managers trim summer losers and position for the fourth quarter.
http://jeffhirsch.tumblr.com/post/178320647503/sp-500-down-22-of-28-during-week-after-september
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By: Almanac Trader | September 21, 2018
The week after September options expiration week, next week, has a dreadful history of declines especially since 1990. The week after September options expiration week has been a nearly constant source of pain with only a few meaningful exceptions over the past 28 years. Substantial and across the board gains have occurred just three times: 1998, 2001, 2010 and 2016 while many more weeks were hit with sizable losses.
Full stats are in the following sea-of-red table. Average losses since 1990 are even worse; DJIA –1.02%, S&P 500 –0.96%, NASDAQ –1.07% and a whopping –1.40% for Russell 2000. End-of-Q3 portfolio restructuring is the most likely explanation for this trend as managers trim summer losers and position for the fourth quarter.
http://jeffhirsch.tumblr.com/post/178320647503/sp-500-down-22-of-28-during-week-after-september
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Click on "In reply to", for Authors past commentaries
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