If the stock market’s moves only come down to a handful of stocks, it makes sense then to see how those companies normally fare in order to make an educated guess on what October has in store.
The most-important stock of all is Apple. It has had a few days lately when it bore sole responsibility for the S&P 500’s gain or loss. So it stands to reason that what Apple does in October is an important key to the performance puzzle, and seasonally this month is a great time for the stock’s owners.
The 20-year average October return for Apple is 6.17%, second only to March’s 6.36% average. Those two months stand head-and-shoulders above the rest. And most striking from a seasonal standpoint is that September is normally weak -- as it was this year. That may set up Apple up for fireworks in October.
The most-important stock of all is Apple. It has had a few days lately when it bore sole responsibility for the S&P 500’s gain or loss. So it stands to reason that what Apple does in October is an important key to the performance puzzle, and seasonally this month is a great time for the stock’s owners.
The 20-year average October return for Apple is 6.17%, second only to March’s 6.36% average. Those two months stand head-and-shoulders above the rest. And most striking from a seasonal standpoint is that September is normally weak -- as it was this year. That may set up Apple up for fireworks in October.