U.S. stocks have sold off hard in recent weeks, and despite today's relief rally, September is holding strong to its reputation as the “worst month for stocks.” The S&P 500 Index ($SPX) is down around 4% in September, while the tech-heavy Nasdaq Composite ($NASX) is down almost 5%. As we head toward the final hours of the third quarter, the leading equity market indices are on pace to record their worst month of the year, and second consecutive month of losses.
