Here’s the real reason the stock market sucks. And yes, it's rather spooky.

📆 10/10/2023 5:20 AM
📰 MarketWatch

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Brett Arends is an award-winning financial writer with many years experience writing about markets, economics and personal finance. He has received an individual award from the Society of American Business Editors and Writers for his financial writing, and was part of the Boston Herald team that won two others. He has worked as an analyst at McKinsey & Co., and is a Chartered Financial Consultant. His latest book, 'Storm Proof Your Money', was published by John Wiley & Co.

Some say it’s turmoil in the Middle East.It’s October! Of course stocks are down!

Around the world, over the course of centuries of recorded financial history, stock-market returns have averaged 4 full percentage points higher from November to April than from May to October, report researchers Ben Jacobsen at Tilburg University and Cherry Yi Zhang at Nottingham University’s Business School in China.

The S&P 500 SPX is hanging on to a small gain, but that is only because of the early summer gains of a few big tech titans. The average S&P 500 stock is down about 2.5% since the end of April — while an investment in no-risk Treasury bills is up more than 2%.

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