Daily Snapshot

Daily Snapshot – 29 September 2022

2022 is currently the year with the most S&P down days since 1974. And 2022 is the third worst year already in the number of -3% weeks. And we’ve had six 3% down months in the last rolling 9 months, only surpassed in the 1930s. For the bulls - “Twelve post-WWII bear markets have ended in October: 1946, 1957, 1960, 1962, 1966, 1974, 1987, 1990, 1998, 2001, 2002 and 2011.” Something we can all hope for. Lots of amazing stats there and as much as I would like to take credit, all are from the Midweek Charts pack which is, in my opinion, the second best guide to what is going on, only just behind the Daily Snapshot of course.

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