The dog day’s of summer on Wall Street are upon us.
The ancient Greeks would refer to the so-called “dog days” in late July and early August as the period in which the star Sirius — also known as Alpha Canis Majoris, or dog star–as the hottest part of summer, notably because the star appeared to rise just before the sun. It signified a time prone to bringing fever or catastrophe.
That description, perhaps, is an apt way to think about August markets in the midst of a pandemic that continues to dog investors, wreaking havoc on global economies.
“Historically August has had pretty muted performance…given the fluid coronavirus situation, the uncertainty regarding the…