The S&P 500 is now up more than 14% this month, putting the index on pace for its best month since October 1974 and its ninth best month ever. So for a lot of people this is the best month for the market in their entire lives. In order to exceed October 1974’s return of 16.30%, the S&P 500 would have to close out the month of October above 1,316, or 2.1% above current levels.
Read the rest here at Bespoke (and see the graph).
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