Trick or treat? The S&P 500 was up for a fifth consecutive week posting its largest monthly gain since October 2011. The large-cap index racked up 159.71 points in the past thirty days for a staggering 8.32% monthly gain. On Wednesday all of the major indexes rallied, including the laggard Russell 2000, in response to the FOMC announcement that interest rates would remain unchanged for now. The Fed has opened the door to a potential rate hike in December. Other economic news was mixed this week with consumer confidence coming in much lower than expected on Tuesday (97.6 actual vs. 103 expected). On the other hand, the Chicago PMI reported on Friday morning was extremely strong (56.2 actual vs 49.4 expected) driving the markets lower – another case of good news being bad news. The SPX opened on Monday at 2,075.08 and closed Friday at 2,079.36, up only 4.28 or 0.21% for the week.