'Sell Rosh Hashanah, buy Yom Kippur' stock-market pattern is just a calendar event

These two holidays typically occur during September -- the worst-performing month of the year.

Is the U.S. stock market a poor performer between the two holidays that mark the start of the Jewish new year? In other words, should you “sell Rosh Hashanah and buy Yom Kippur?”

A Wall Street adage indeed suggests that the stock market is weaker over the 10 days these two holidays are observed. Belief in this seasonal pattern has a long history; it was mentioned in the financial press as early as 1915.

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