The Market Might As Well Close Every August

The Market Might As Well Close Every August
Traders work on the floor of the New York Stock Exchange (NYSE) ahead of the closing bell in New York City on Aug. 5, 2024. Charly Triballeau/AFP via Getty Images
Louis Navellier
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Commentary

Every year, I wonder why the stock market doesn’t close in August since so many traders go on vacation and the algorithmic program traders whipsaw the market up and down on light volume. Due to creating these air pockets, I expect this “down, up, down again” market action will persist until the trading volume is exhausted – or until more traders return after Labor Day.

Louis Navellier
Louis Navellier
Author
Louis Navellier is chairman and founder of Navellier & Associates in Reno, Nevada, which manages approximately $1 billion in assets. One of Wall Street’s renowned growth investors, Navellier writes five investment newsletters focused on growth investing. In addition to appearing on Bloomberg, Fox News, and CNBC giving his market outlook and analysis, he has been featured in Barron’s, Forbes, Fortune, Investor’s Business Daily, Money, Smart Money, and The Wall Street Journal.
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