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The month of October has a list of memorable down days, leading to the legend it is a bearish moth for the S&P 500.
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However, October also has a number of the largest daily rallies.
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Seasonally, the most bearish month for the S&P 500 is not October, but rather September. Myth Busted.
One of the many things that happened this past week was the calendar changed from September to October, not only marking the beginning of Spooky Season (with all Hallows Eve waiting at the end of the month, though given the continued situation in the United States, every season could be considered Spooky Season) but also the end of the financial third quarter (Q3). There are many scary myths surrounding the month of October – The Legend of Sleepy Hollow anyone? – including it is a bearish month for the S&P 500 (($INX).