That headline is a snippet from a Deutsche Bank report.
- “Gold has been lower in 10 of the last 11 Septembers”
Analysts at the bank also note that:
- The S&P 500 has been lower for the last four Septembers
- By
the end of the month, we’ll also be just 5 weeks away from the US
election and close election races (as this still is) usually promote
sideways to lower equity markets in the build-up, before a big rally
whoever wins after the event. This
ties into the seasonals, as we’ve only seen 6 negative Novembers for
the S&P 500 since 1995 with 11 of the last 12 higher.
Given price action on Tuesday we are off to an ‘as expected’ start!
This article was written by Eamonn Sheridan at www.forexlive.com.
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