Historically October has shown the potential to be a quite volatile month.
October 2018 was no exception!!
At the end of September, the various stock market indexes were indicating the likelihood of a respectable 2018 performance. By the end of October, it would appear that all bets are off!
The good news is that it was not all one direction, but the gyrations were significant.
This chart suggests that at least for now, the 10 year trend is still in tact – although maybe just barely.
Nonetheless it was a challenging month. I find it interesting how many ways chartists or technical analyst can find dissect data and then try to explain it with charts.
This chart displays the October S&P 500 return for Mid-term election years since 1950.
Whether this has any particular relevancy or significance, I have no idea!