Have “four witches” stirred up a curse on the Dow Jones Industrial Average for the past 13 years? Perhaps.
Bulls beware, it’s the week after June quadruple witching and stocks may seemingly be doomed for bad ending.
Quadruple witching occurs the day on which stock index futures contracts, stock index options, stock options and single stock futures expire.
According to the Stock Trader’s Almanac, the Dow industrial average has fallen in the week following June quadruple witching for 13 consecutive “unlucky” years.
Losses have been all over the map, but the average decline for that week over the past 13 years stands at around -1.6 percent.