Chart of the Day - Tuesday, October 31, 2023

Today’s Chart of the Day was shared by Katie Greifeld (@kgreifeld). Spooky month is in the books! The S&P 500 fell -2.2% in October, marking a three-month losing streak. Katie points out that this is the longest monthly losing streak since the pandemic in 2020. This three-month losing streak is coming after a five-month winning streak. If the S&P 500 continues lower in November, it will be the first four-month losing streak in over a decade. However, November has been positive 75% of the time for an average gain of +1.8% over the past 20 years.