Market Call: September Isn't Always A Bad Month For Stocks

September is the Rodney Dangerfield of the 12 months; it gets no respect because it has been the worst month for stocks on average since 1928 (chart). However, it has been up 45% of the time since then with a solid average gain of 3.2%. Even if the market is down this month, September is a good month for picking apples and it could be a good month for picking stocks.

The market's performance this month will probably depend on August's CPI report, which will be released Wednesday, September 13. That will probably determine whether the 10-year Treasury bond yield continues to trade below 4.25% and whether the FOMC decides to hike or not on September 20.