With a gain of nearly 5% this week, it is hard to believe that the S&P 500 is still on pace for its fourth worst month of August in history. As shown in the table, the only months of August where the S&P 500 had a worse performance through August 24th were in 1990, 1939, and 1974. If there is a bright side to the table, it is that of the seven months where the S&P 500 was down more than 5% through August 24th, the index's performance for the rest of the month was positive six times.
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