Last month’s chart highlighted that September has been the worst month for stocks (see Dow Jones Average Monthly Gain).

As it turned out, September 2020 was a difficult month (Dow down 4.4% so far).

Looking forward, today’s chart illustrates that the S&P 500 has tended to trade higher in October.

In fact, a turn around in October has tended to be followed by some of the strongest calendar months of the year.

On average.