COTW: October

October 24, 2023COTW: October

  • October seems to be a historically important month for the S&P 500, with some key moments throughout history all occurring around mid-October. On October 19, 1987, the U.S. stock market crashed in one of the most dramatic single-day declines ever. Known as ‘Black Monday’, the stock market crash of October 1987 was largely fueled by overvaluation, rising interest rates and the widespread use of programmed trading.
  • The S&P 500 closed at a new all-time high of 1,565 on October 9, 2007, followed by a new all-time high on October 13, 2007, which marked its largest daily percentage gain of (+11.6%). However, the Global Financial Crisis soon followed, plunging the S&P 500 into a 17-month long bear market that ended in March 2009.
  • October 2022 marks a more recent historically important event, with the S&P 500 recording a 25% decline from its 2021 bull market peak on October 12, 2022. The decline was largely driven by concerns of rising inflation, supply chain disruptions, and ongoing pandemic-related uncertainties.
  • What October 2023 holds in store for stock markets remains to be seen…


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