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October Volatility Got You Spooked? Keep Calm and Don't Jinx Yourself
For reasons unknown, October has historically been the most volatile month for the stock market—by a goodly margin. Between 1950 and the end of 2017, the S&P 500 Index saw as many as 362 trading days during the month of October in which the market moved up or down more than 1 percent. That’s 58 more days than the second-most volatile month, August. When I say “for reasons unknown,” I really mean it. Though many have tried, nobody’s been able to give a satisfactory explanation as to why October can’t just straighten up and fly right like its 11 siblings. Presidential election uncertainty, quarterly ... (full story)