Q4 Stock Market Outlook

Is volatility looming?

The end of Q3 wrapped up with the 43rd new all-time high of 2024 for the S&P 500.

Source: Charlie Bilello

Through Q3, the S&P 500 is up 20.8%. That’s the best start to the first 9 months of the year since 1997.

Source: Josh Schafer via Evan

I don’t think anyone would complain if the year ended now with the S&P 500 up by over 20%. But there are still 3 months left in the year.

What do the remaining 3 months of the year hold? Can we learn anything from looking at historical Q4 performance? What kind of risks does the election bring? Is volatility looming?