Stocks just delivered a reminder about October volatility as Dow, S&P 500 wipe out th

Stocks just delivered a reminder about October volatility as Dow, S&P 500 wipe out third-quarter gains

The radio disc jockeys got it right — this month would more accurately be known as Rocktober, particularly for stock-market investors. As shown in the chart below from Wells Fargo Investment Institute, which tracks the standard deviation of daily returns of the S&P 500 index (SPX) dating back to 1928, October has historically been the most volatile month for U.S. equity markets. The S&P 500 (SPX) gave up early gains Tuesday after a weaker-than-expected reading on manufacturing activity to end 1.2% lower, while the Dow Jones Industrial Average (DJIA) shed 1.3%, wiping out their gains for the third quarter.

https://finance.yahoo.com/m/d2176cb5...html?.tsrc=rss

So that article above was in reference to October 2019 which, looking back, seemed like a ride in a Cadillac.

Today's 3.52% drop was pretty much routine for 2020.

Attachment 47554

https://twitter.com/msectors/status/1321571797846921217