Seasonality and the St Leger
Seasonality and the St Leger
The Blind Squirrel's Monday Morning Notes, September 18th, 2023.
Summary
In the old market adage, investors are encouraged to ‘sell in May’. In the original version of that truism, they were supposed to ‘come back on St Leger Day’. That was last Saturday.
St Leger is not the patron saint of bag holders. It’s a horse race.
We consider the myths and realities of market seasonality and take stock of the current set up.
Plus ‘Acorn’ thoughts on #ChIndia FXI 0.00%↑ INDA 0.00%↑ DBA 0.00%↑ WEAT 0.00%↑ $FCOJ CANE 0.00%↑ and (of course after this week!) #uranium
The audio companion to this week’s note will be uploaded to Substack in a couple of hours. It will also be available as a podcast on Apple, Spotify and the other major podcast apps.
Seasonality and the St Leger
Having only moved to the Southern hemisphere last year I am still getting used to seasons at ‘the wrong time of year’ for the 🐿️. Spring is starting to emerge ‘down under’ and this week’s edition comes to you from the beach. A short front section this week in which we have a think about seasonality and…