Blog Post: Year and Debt Downgrade

blog post: Don't forget this is a pre-election year, he added, according to Market Watch. In August of 2015 we had the surprise Chinese yuan devaluation, which led to the first 1,000-point Dow drop ever, while August 2011 had the U.S. debt downgrade, pre-election-year events that created massive bouts of volatility. August has been tough on stocks historically and is actually the worst month of the year over the past 10 years, wrote Ryan Detrick, senior market strategist at LPL Financial, in a blog post. While Detrick argued investors shouldn't necessarily expect another major disruptive event just because its August, he said that given the S&P 500 SPX, -0.73% is up nearly 20% this year, near LPL's year-end target of 3,000, we are watchful for any developments that could lead to potential market weakness. The Dow Jones Industrial Average DJIA, -0.37% advanced 15.2% over the first seven months of 2019, its strongest such rise since an 18.3% gain in 2013. Through the end of July, the S&P 500 rose 18.9% it's strongest performance through the first seven months of a calendar year since a 28.8% rise over the same stretch in 1997, according to Dow Jones Market Data. (news.financializer.com). As reported in the news.