September Markets

As this month began, the headlines were full of warnings about September’s historical reputation for being a down month. Fortunately, the markets had other plans and, true to form, defied the odds by continuing to reach new all-time highs in Canada and the U.S.. While the positive action is great news, there is an important takeaway here: despite what all the market pundits and predictions might say, markets often don’t follow the patterns we expect.

September Highlights

The Canadian market has been playing catch-up with U.S. markets lately and ended the month at an all-time record high with a Year To Date gain of +14.98%.

U.S. markets gained +3% to +5.5% across the blue-chip Dow index with tech-laden Nasdaq leading so far in 2024. Canadian markets gained +3.5% this month.

September shook it’s historically negative reputation and turned in a solid month.