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8-12-25: Volatility Season Has Officially Begun

by Jason Bodner

August 12, 2025

August has been volatile and uneven so far, but that is no surprise: Since 1990, August and September have been the two worst performing months for the S&P 500, with an average 1.4% two-month decline, so if you’re wondering why your portfolio feels like it’s wobbling, history just handed you the answer:

Main Index Table 1

Here’s the same data, expressed in bar-chart form:

Main Index Chart 1

Graphs are for illustrative and discussion purposes only. Please read important disclosures at the end of this commentary.

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