Chart of the Day - Friday, October 7th, 2022

Today’s Chart of the Day was shared by Frank Cappelleri (@FrankCappelleri). It's a 15-minute bar chart of the S&P 500 this week. Frank points out that October has been a wild ride so far. Between Monday and Tuesday, the S&P 500 jumped about +5.8%, marking its best two-day gain in more than two years. However, we rolled over on Thursday and gave back a majority of those gains. Despite the sour ending, we still closed higher on the week by about +1.5% and we closed above the 200-week moving average after breaking it last Friday. Clearly, October is living up to its reputation as a volatile month for the S&P 500.