Chart of the Day - Thursday, October 31, 2024

Patrick Dunuwila
October 31, 2024

Chart of the Day


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

  • The S&P 500 dropped -1.86% today, marking its first -1% decline in nearly two months.

     

  • October would've closed positive if not for today's sell-off. The month closed lower by -0.99%, snapping a five-month winning streak. 

     

  • Despite today's decline, Optuma points out that the S&P 500 is on track for its best election year ever, gaining +19.6% YTD. The best full election year was 1980, which gained +25% by year-end. 
     

The Takeaway: Despite today's sell-off, the S&P 500 is still up +19.6% YTD, putting it on track for the best election year in history. 

Filed Under: