High Holy Days Poke Holes in Portfolios

The occasions of awe for the world’s Jews are usually the occasions of “aww” for stock-market consumers of any religion.

The outdated Wall Highway seen “promote Rosh Hashanah, buy Yom Kippur,” has been a fairly reliable pattern for U.S. shares for half a century, in response to The Stock Supplier’s Almanac. It continued that run as a result of the Dow Jones Industrial Widespread closed at 34751.32 on Thursday—a 1% fall between the Jewish New 12 months and the Day of Atonement, which ended at sundown. The index has now dropped 29 events since 1971 for every a median and median drop of half a p.c all through the span, which could typically end in October counting on the Jewish calendar.