Chart of the Day - Friday, September 27, 2024

🏆 Today's Chart of the Day was shared by @CyclesFan.
 

• The S&P 500 is +1.6% in September, with just one more trading day remaining. It has closed higher in 10 of the past 11 months and eight of the first nine months of 2024. 
   
• $SPX rarely reaches September, with only one negative month YTD. @CyclesFan says it has only happened seven other times since 1950 (1954, 1958, 1964, 1995, 1996, 2006, and 2017). 
   
• After all seven cases, the S&P 500 was positive in Q4 and January of the following year. Remember, September was *supposed* to be a bad month, but it wasn't, and that should tell you something... 
   

Takeaway: The S&P 500 has only had one negative month this year through September. All of the other times this has happened, the S&P 500 continued higher in Q4 and January of the following year.