Dear Chart of the Day Fan:
Here’s my chart for today. I’ll talk about it shortly after 3:30 p.m. Eastern (12:30 p.m. Pacific) on the Bloomberg Businessweek radio show. Also, I’ll present my Stock of the Day just after 4:05 p.m. (1:05 p.m.) on the radio and later on social media. You can hear me on Bloomberg Radio or see me at Bloomberg Global News on YouTube. Earlier charts are on my Tumblr page.
Thanks for your interest. It’s appreciated.
December gains for U.S. stocks would fit a “delightful” historical pattern, Stephen Suttmeier, a technical analyst at Bank of America Corp., wrote Sunday in a report. Since 1928, the S&P 500 Index has risen more often in the final month of the year than in any other month, according to data cited by Suttmeier. December’s figure of 73.9% surpasses the second-highest month, April, by 8.3 percentage points. Still, December had only the third-largest average gain, 1.3%. July ranked first at 1.58%, followed by April at 1.37%.
Stocks Editor, Bloomberg RadioEditor, Chart and Stock of the DayStock of the Hour, Bloomberg Television
Author, Visual Guide to Financial Markets