How October got its reputation for volatile stock-market swings

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

How October got its reputation for volatile stock-market swings: October1st

The radio disc jockeys got it right — this month would more accurately be known as Rocktober, particularly for stock-market investors.

Moreover, this 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. So if nothing else, investors might want to buckle up in anticipation of a potentially rough ride. But how?

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market on track to begin October trade; China kicks off 70th anniversaryU.S. stock-index futures on Tuesday point to a solid start to October and the third quarter as investors weigh fresh economic reports and Federal Reserve speakers, and as China celebrates the 70th anniversary of the founding of the People’s Republic.
Source: MarketWatch - 🏆 3. / 97 Read more »

Now we know the stock market won’t care if Trump falls'We’re seeing the clearest signs yet that markets may not have Trump to kick around for very long — and they don’t care much.' -- TimMullaney timmullaney Really. timmullaney The rich will pull every penny out of the market because they will be taxed up the butt.
Source: MarketWatch - 🏆 3. / 97 Read more »

One big stock is holding up the entire stock market right now, says Allianz strategistMicrosoft is turning into a clear favorite these days for investors who are running scared of regulatory issues for their favorite stocks.
Source: MarketWatch - 🏆 3. / 97 Read more »