Why the dubious ‘sell Rosh Hashanah, buy Yom Kippur’ investing strategy looks even more complicated this October
It might seem arbitrary to make stock-investment decisions by blending religious observance with financial strategy, but there’s one old trading folklore commonly mentioned during this time of year: “Sell Rosh Hashanah, buy Yom Kippur.”
Rosh Hashanah, the Jewish New Year, starts this year at sundown on Wednesday, Oct. 2, while Yom Kippur, or the Day of Atonement, begins at sunset on Friday, Oct. 11, and ends on Saturday, Oct. 12.
The Wall Street adage suggests that U.S. stocks tend to fall over the 10 days the Jewish High Holidays are observed, so investors would be better off selling beforehand and buying afterward. But some market analysts believe investors should be wary of this seasonal trading pattern this year.
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