Talk about a Halloween scare. In a week where the S&P 500 has historically risen 1%, it traded down more than 5% which was its worst one-week performance since the COVID crisis. Even more notable was the fact that it was the worst performance for the S&P 500 in the last full week before a Presidential election on record. At the close on Friday, the S&P 500’s week-to-date decline was nearly twice the decline of the second-worst week in 1932 when the S&P dropped 2.96% in the last full week leading up to the 1932 election of FDR!
It was a very busy week for the market with a traffic jam of worries to contend with. In this week’s Bespoke Report, we give a full recap of everything going on this week and what it means going forward.
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