SteadyTapeQuantitative Market Research

Prior-Move Bucket Seasonal

Bucketing ^GSPC years by Aug as a whole; 2026 sits in 0 to 3%. Sep baseline 45% positive.

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What the month just gone says about the month ahead, bucketed by the SIZE of that prior move rather than its sign. The general form of the "August was strong so September will be weak" family: pick a month, measure it either in full or by its first N trading days, and every year in the sample is bucketed and shown its next-month, 3-month and rest-of-year returns — each against the all-years baseline, so a 60% bucket can be read next to the ~60% that any month clears unconditionally. Also reports the typical drawdown INSIDE the next month, because most of these claims are really about a dip, not a close.

2026 all of Aug
+2.6%
0 to 3%
Bucket Sep median
+1.0%
n=23
Bucket Sep win
57%
All-years baseline
45%
median -0.3% · n=76

When to run this study

Run at a month-end, or a few days into a month, when someone quotes a stat of the form "month X did Y, so month X+1 will do Z". Buckets every historical year by the size of the same prior move and shows the next month, next quarter and rest-of-year returns for each bucket against the all-years baseline. Set lookback_mode=first_n to test the "first N trading days" variants.

Historical results

What followed, bucketed by the all of Aug

All of augNSepSep winWorst point in Sep3M3M winRest of yrRoY win
< -3%18-1.6744.40-3.583.5272.203.4166.70
-3 to 0%160.2850-1.562.5681.204.8393.80
0 to 3%231.0256.50-1.194.9778.305.3882.60
>= 3%19-0.7026.30-2.29-0.9042.102.1063.20
ALL YEARS (baseline)76-0.3044.70-1.692.9368.403.9776.30