![]() 7 to date, the Dow was off 0. Unless youre of the Jewish faith, that may just be a date on your calendar, and you. This past year, the Dow gained 19.9% from Yom Kippur 2020 to Passover 2021, according to Stock Trader’s Almanac. Yom Kippur this year is celebrated on September 16. Hirsch notes that being long from Yom Kippur to Passover, which falls on April 15 in 2022, has been a successful strategy, producing 64% more advances, and half as many losses, with average gains of 7.0%. Has fallen 28 out of 50 Rosh Hashana holiday periods. holiday.ĭating back to 1971, the Dow Jones Industrial Average On top of that, September is a month with the simultaneous expiration Friday of individual stock options, stock-index options, stock-index futures and single-stock futures, also known as quadruple witching.Īdding to market weakness this season is that Rosh Hashana followed Labor Day, contributing to lower volumes over several sessions, since markets were closed last Monday in observance of the federal U.S. ![]() Taking place just over a week after the Jewish New Year, the festival is commemorated with a day-long fast. It also helps that September is considered a notoriously weak month for stocks and October, of late, has gained an ugly reputation for market downturns. The Jewish festival of Yom Kippur is perceived as the holiest day of the year in Judaism. Yom Kippur de 2021 empezó en la noche de miércoles 15 septiembre 2021 () y terminó en el anochecer de jueves 16 septiembre 2021 (). People wear white, and services generally end with a long blow from the shofar. Hirsch wrote in a blog that the “‘Sell Rosh Hashana, Buy Yom Kippur,’ pattern is that with many traders and investors busy with religious observance and family, positions are closed out and volume fades creating a buying vacuum.” Services run all day on Yom Kippur from 8 a.m. The Jewish ritual is supposed to transfer the sins of the past. “It appears to be evidence based … and you can correlate it to traffic around the New York area,” Hirsch said. Ultra Orthodox Jews perform the Kaparot ceremony on September 12, 2021, in the ultra orthodox Jewish neighborhood of Meah Shearim. Jeff Hirsch, editor of the Stock Trader’s Almanac, told MarketWatch in a Wednesday interview that there is something to the seasonal trend.
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