To this point in Wednesday's session, stocks look to be finishing September in fine form, but even Wednesday's impressive rally will not be enough to erase the memory of what has been a dismal month for U.S. equities.
September's reputation for being unkind to stocks was reaffirmed this year with the S&P 500 positioned for a September decline of just over 3 percent. Although October has had a penchant for bringing some of the darkest days in U.S. equity market history, the S&P 500's last 20 October performances, when averaged out, are actually quite sturdy.
Twenty-Year Review
Over the previous two decades, the S&P 500 has posted an average October gain of 1.8 percent, while rising in 65 percent of the time in the tenth month of the year, according to EquityClock.com. Perhaps unbeknownst to many investors is that over those 20 years, the S&P 500's October gains were superior to those notched in January and December.
/www.benzinga.com/trading-ideas/long-ideas/15/09/5877816/seasonality-says-these-sector-etfs-could-work-in-october alt=Seasonality Says These Sector ETFs Could Work In October>Full story available on Benzinga.com
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