![]() ![]() Yom Kippur Judaism Holiday Following Rosh Hashanah, a festive celebration of the Jewish New Year, Yom Kippur strikes a more sober tone. 7 to date, the Dow was off 0. By Jenni Fink On 9/15/21 at 8:58 AM EDT U.S. Posted Tue at 7:11pm Yom Kippur is the holiest day on the Jewish calendar. This past year, the Dow gained 19.9% from Yom Kippur 2020 to Passover 2021, according to Stock Trader’s Almanac. 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. 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 traditional belief is that God writes ones fate into the Book of Life on the Jewish New Yea r and worshipers have the ten day period between that day, known as Rosh Hashana, and Yom Kippur to atone for sins and pray for forgiveness. 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.” Yom Kippur is considered the ideal time in the Jewish calendar to repent and start the new year cleansed of sin. It begins at sundown Sunday, September 24, 2023. ![]() “It appears to be evidence based … and you can correlate it to traffic around the New York area,” Hirsch said. Yom Kippur is the holiest, most important day of the year in Judaism, known as the Day of Atonement. 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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