FYI: The S&P 500's 1.32% decline yesterday was the 10th worst start to October in the index's history going back to 1928. Somewhat surprisingly, two of the five worst starts to October have come during this bull market as well. On October 1st, 2009, the S&P fell 2.58%, and then on October 3rd, 2011 (the first trading day of that month), the index fell 2.85%. The first trading day of October has been rough on investors over the last five years
Regards,
Ted
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