FYI: While it has historically been positive, October has the distinction of being known as the most volatile month of the year. What that means in a year where volatility has been non-existent remains to be seen, but if the market was going to become more unsettled at some point, history says that now is the time. Today, we wanted to show two examples of how volatility tends to spike during October. In terms of the S&P 500’s average intra-month range, going back to 1928, the percentage spread between its closing high and low during the month of October has been a staggering 8.30%. That’s more than 1.3 percentage points above the next highest month (November – 7.0%). After October and November, though, volatility really recedes with an average spread of only 5.26% in December.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/the-most-volatile-month-of-the-year/
