The radio disc jockeys got it right — this month would more accurately be known as Rocktober, particularly for stock-market investors.
This year, October offers “more than its fair share of market worries,” wrote Tracie McMillion, head of global asset allocation strategy at Wells Fargo Investment Institute. That includes weighing a number of potential geopolitical flash points and trade talks against a backdrop of weakening U.S. consumer confidence and slowing global economic growth, McMillion said.U.S.-China trade talks will continue in mid-October, the Federal Reserve meets again in late October, and the U.K.
But if worries about volatility weren’t enough, some analysts argue that October has also developed a reputation as a “jinx month” for stocks, though that may be a result of historic market crashes in 1929, 1987 and 2008. Those not-so-minor hiccups aside, October historically is fairly average.
Two for two so far this month
CNBC SquawkCNBC 247WallSt Uh Oh... 😳
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