The +20.8% year-to-date return for the S&P 500 through the end of September is the best three-quarter gain to begin a calendar year since 1997 according to Bespoke Investment Group.
However, as Carson Investment Research points out, in years with >20% returns through September, October tends to experience weakness. Further, Callie Cox of Ritholtz Wealth also notes that October has a history of volatility during election years. So, while the consensus market view held by most investors is for a robust Q4, October may present some challenges.
October 1, 2024
The +20.8% year-to-date return for the S&P 500 through the end of September is the best three-quarter gain to begin a calendar year since 1997 according to Bespoke Investment Group.
However, as Carson Investment Research points out, in years with >20% returns through September, October tends to experience weakness. Further, Callie Cox of Ritholtz Wealth also notes that October has a history of volatility during election years. So, while the consensus market view held by most investors is for a robust Q4, October may present some challenges.