If you’re a believer in stock market patterns, good news: History shows that in midterm election years, October is the best month of the year for stock performance, followed closely by November.
Carson Group chief market strategist Ryan Detrick points to the seasonal pattern. In a chart posted on X on Sept. 20, Detrick showed that, since 1950, October has been the best-performing month of the year in U.S. midterm years, averaging a 3% gain for the S&P 500 and posting positive returns 73.7% of the time.