S&P 500 heads into seasonally strong November after shaky October close
Historical data favors a November rally for US stocks even as October ended with a sharp sell-off.
What to know
- November has historically been the S&P 500's strongest month, averaging +2.1% gains since 1980 with a 74% rate of positive returns.
- October 2026 is set to close slightly negative after a 1.83% single-day drop on October 30, even though the index remains up 10.15% year-to-date.
- Analysts caution that seasonality is only contextual: no data directly addresses how November performs after a down October, and daily moves driven by yields and earnings can overwhelm historical patterns.
Investing.com Financial news outlet@KobeissiLetter Financial commentary account
How it unfolded 2 developments, newest first · click a bar or a number to jump articlesposts
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Kobeissi Letter highlights November's historical seasonal strength
A widely shared post from @KobeissiLetter cites data since 1980 showing the S&P 500 averages a 2.1% gain in November with a 74% historical hit rate, framing the month as the market's strongest seasonal period.
“Since 1980, the S&P 500 has rallied +2.1% on average in November, making it the strongest month of the year.”
— @KobeissiLetter -
Markets are heading into their strongest seasonal period of the year: Since 1980, the S&P 500 has rallied +2.1% on average in November, making it the strongest month of the year. Over this period, positive returns occurred 74% of the time, the best hit rate of any month.
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- 2 days quiet
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Investing.com notes November's historical strength but flags uncertainty
An AI-assisted analysis observes that November is historically the S&P 500's strongest or near-strongest month, but says no available data specifically addresses what happens after a down October, calling seasonality 'context rather than a signal'.
“Seasonality tilts the odds toward November, but it is context rather than a signal.”
— Investing.com -
first by Investing.com News, 14d ago
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background
S&P 500 drops 1.83% as October nears a slightly red close — The index fell to 7,579.4, about 3.4% below its 52-week high of 7,844.52, leaving the month down roughly 0.99% even as the index remains up 10.15% year-to-date.