Investing.com -- October has a reputation for being one of the most volatile months in the stock market, often referred to as"Octoberphobia." Historical market crashes, including those in 1929, 1987, and significant drops in 2008, have contributed to this label.
In election years, however, October's performance has been particularly challenging. Since 1950, election-year Octobers have ranked last for the Dow, S&P 500, and NASDAQ. “Expiration day has a mixed record while the week as a whole has been improving with S&P 500 up fourteen of the last sixteen with an average gain of 1.06%,” Almanac explained.
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Here's why September and October are historically weak for stocks‘The most intense panics on Wall Street have tended to occur during the late summer and early autumn months,’ an advisor and author says.
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