And You Thought August Was Boring

We're now heading into the last few weeks of summer. Rumor has it that this might be the best time to take a family vacation or a fishing trip with the boys. The volume throughout markets slows down and the second stringers are usually manning the trading desks right? So is this true? Should we not expect much out of the market in August?

My pal Greg Guenthner put together the charts of the S&P500 in August for the past 4 years. As it turns out, this month isn't boring at all. And if the last few years are any indication, then we should actually expect plenty of movement:

In 2011 for example, S&Ps were down over 12% in the first week and half before ultimately recovering to close the month down just 5%. And in 2009 we saw a 5% rally in the second half of the month alone. So don't discount August just yet. There is still plenty of opportunity for markets to move around.

Make sure to follow Greg on Stocktwits and Twitter @GregGuenthner

Tags: $SPY $ES_F $SPX