‘Mad Money’ host Jim Cramer on Friday said that August and September are the ‘toughest months’ to make money, adding that he ‘despises’ these months.

“i always despise both August and September.. just tough months to make money [sic],” Cramer said in a post on X.

Cramer’s comments came on the first day of August, which along with September, is historically considered as a slow month for investors putting their money in tech stocks.

Since 1971, August has been the second-worst month of the year for the tech-heavy Nasdaq Composite COMP.

On the other hand, September has been the worst performing month, on average, going back nearly a century.

Reacting to Cramer’s opinion, a user commented, “The deadliest thing in August isn’t volatility. It’s false confidence based on lagging data, fake job reports, delayed Fed pivots, and media narratives cooked for election optics. August is when the system cracks — quietly. September is when it bleeds out loud.”

Wall Street ends lower on August 1

Jim Cramer’s prediction seemed to be true on the first day of August itself.

The US stock market had its worst day since May on Friday, August 1, after the government reported a sharp slowdown in hiring and President Donald Trump imposed sweeping tariffs on imports from a number of US trading partners.

The S&P 500 fell 1.6%, its biggest decline since May 21 and its fourth straight loss. The index also posted a 2.4% loss for the week, marking a sharp shift from last week’s record-setting streak of gains.

The Dow Jones Industrial Average fell 1.2%, while the Nasdaq composite fell 2.2%.

Worries on Wall Street about a weakening economy were heavily reinforced by the latest report on job growth in the U.S. Employers added just 73,000 jobs in July. That is sharply lower than economists expected. The Labor Department also reported that revisions shaved a stunning 258,000 jobs off May and June payrolls.

Markets also reacted to the latest tariff news. President Donald Trump announced tariff rates on dozens of countries and pushed back the scheduled effective date to Aug. 7, adding more uncertainty to the global trade picture.