$SPY sitting on a rare streak — three red months in a row. Last time we saw four straight down months? 2011. That's over a decade ago.
November's still got time, but if it closes red, everyone's gonna be banking on a December bounce. Historically, four-month losing streaks are uncommon for the S&P 500, so odds favor a reversal soon.
But markets don't care about what "should" happen. If macro stays messy — rates, sentiment, positioning — December could easily disappoint too. Don't marry the hopium. Watch price action, not the calendar.
November's still got time, but if it closes red, everyone's gonna be banking on a December bounce. Historically, four-month losing streaks are uncommon for the S&P 500, so odds favor a reversal soon.
But markets don't care about what "should" happen. If macro stays messy — rates, sentiment, positioning — December could easily disappoint too. Don't marry the hopium. Watch price action, not the calendar.