The August stock-market slump is a myth — so why does Wall Street keep repeating it?

The notion of an August stock market slump is more myth than reality, with over 200 years of data indicating that stocks generally perform well during the month and market volatility is usually lower than average. This trend challenges the persistent narrative on Wall Street that August is a time of poor market performance. Understanding this historical pattern is crucial for investors who might otherwise be influenced by outdated beliefs, potentially leading to unnecessary market timing or unwarranted pessimism during what historically has been a favorable month for stocks.