Market Outlook · October 07, 2021

Making Sense: October Outlook

Brent Ciliano

CFA | SVP, Chief Investment Officer


After 226 trading days without a 5% decline, on September 30, the S&P 500 index finally crossed the threshold. Although it took over twice as long as the 95-day average since 1929, at 4,345 (October 5 close) the index now trades 4.1% below its all-time high reached about one month ago.

What's covered in this update

  • How much further down could we see markets go?
  • Will the market continue to go up following this bout of volatility?
  • What does history tell us about abnormally long periods without a 5% drawdown?

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