Despite a sell-off on October 31, 2024, the S&P 500 ($SPX) has recorded its best performance for an election year at the end of October, achieving a gain of 19.6%. A total of 79 stocks within the index reached new all-time monthly closing highs, with 11 stocks marking their best month of the year. Notably, Edison International ($ETR) saw a 17% increase, its best month ever, while Raymond James Financial ($RJF) surged by 21%, the highest since March 2009. November is historically a strong month for equities, with many analysts predicting continued positive performance. The Russell 2000 ($IWM) has averaged a 4.3% gain in November over the past decade, and semiconductor stocks have also shown an average return of 8.1%. Tesla ($TSLA) has a 71% success rate in November over the past 15 years, with an average return of 9.8%. Overall, November is anticipated to continue the upward trend seen in October, with analysts highlighting its historical significance as the best month for stock performance, particularly in election years.