🏆 Today's Chart of the Day was shared by @Optuma.
- November has historically been the best month for the S&P 500, yet the index is on pace for its first monthly loss since April, down -2.5% month-to-date.
- As Optuma notes, this has been the worst start to November since 2015. Tech has been the laggard, dropping -5.7% for its worst November start since 2008.
- As the legendary analyst Edson Gould once said, “If the market does not rally, as it should during bullish seasonal periods, it is a sign that other forces are stronger and that when the seasonal period ends, those forces will really have their say.”
The Takeaway: November has historically been the best month for the S&P 500, but the index is off to its worst start in a decade, down -2.5% so far.
