Annual seasonality
This year's path against the average year of the last 10, per instrument.
This year's path against the average year of the last 10, per instrument.
This year's path against the average year of the last 10, per instrument.
November averaged −0.90% over 2016–2025, a bearish month. Solid line: 2026 so far. Dashed line: average year, 2016–2025.