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When the first trading day in September resulted in a loss, then the entire month showed a positive return only 27% of the time (7 out of 26 occurrences). During the month, at its worst point the S&P averaged a loss of -6.1%, while at its best point it averaged a gain of only +0.9%. When September started with a gain, then the entire month was positive 49% of the time, with a maximum loss that averaged -2.0% versus a maximum gain that averaged +3.1%. |
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