Best August Since 1984

The stock market is down slightly as I write this, although the Nasdaq is up. This looks to be the best August for the S&P 500 since 1984.

Over the last century, as well as 50 years and 20 years, September is the worst month in stock market history.

But look at what comes after September, the best quarter of the year, by far. In the last 20 years – which includes the terrible fourth quarters of 2008 and 2018 – fourth quarters have surpassed the previous three quarters combined.

In other news, TikTok said it may announce a deal today to sell its U.S. business. The deal could fetch $20 billion to $30 billion. Microsoft is thought to be a top bidder.

AT&T said it’s looking to sell its DirecTV unit. Five years ago, they paid $49 billion for it. Let’s just say that it will sell for less. Much less.

Posted by on August 31st, 2020 at 10:39 am


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