The times of awe for the world’s Jews are typically the times of “aww” for stock-market buyers of any faith.
The outdated Wall Road noticed “promote Rosh Hashanah, purchase Yom Kippur,” has been a reasonably dependable sample for U.S. shares for half a century, in response to The Inventory Dealer’s Almanac. It continued that run because the Dow Jones Industrial Common closed at 34751.32 on Thursday—a 1% fall between the Jewish New 12 months and the Day of Atonement, which ended at sunset. The index has now dropped 29 occasions since 1971 for each a median and median drop of half a p.c throughout the span, which might generally finish in October relying on the Jewish calendar.
https://www.wsj.com/articles/high-holy-days-poke-holes-in-portfolios-11631888201?mod=rss_markets_main | Excessive Holy Days Poke Holes in Portfolios