PremiumSanta Rally Or SOX Crash - Which 1999 Are We In?
Two banks went back to the history books this week. They came back with very different maps.
On Tuesday, Deutsche Bank's Jim Reid noted in his Chart of the Day, "A last dip of the year?" (available to pro subs), that since 1928 the S&P 500's final dip of a typical year has bottomed on... October 27. From there, Reid writes, "it's broadly one-way traffic into year-end in an average year." And with a midterm election a week away, the seasonal tailwinds "line up about as well as the calendar ever allows."