News Formal

Stock market typically cools off in October following a really strong third quarter

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 72%

Investment Strategy Notícia

Stock Markets,Dow Jones Industrial Average,S&P 500 Index

A weak month could be the set-up for a year-end buying opportunity, according to Piper Sandler.

The stock market typically cools off in October following a really strong third quarter, but any weakness could prove to be a potential buying opportunity for year-end, according to Piper Sandler. Stocks are off to a rocky start this month, after an escalation of conflict in the Middle East, a port strike in the U.S., and the fallout from Hurricane Helene spooked investors.

However, the two months following were positive, with the fourth quarter overall gaining 2.7% on average, and 5.2% on a median basis. "We believe October will be more of a 'treat' than a 'trick' for investors as equity markets approach short-term overbought conditions again," Johnson said. "Monitor pullbacks within the context of the long-term uptrend for potential buying opportunities." .

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 12. in PT
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Piper Sandler has these five software stocks on its highest conviction buy listPiper Sandler has these five software stocks on its highest conviction buy list
Fonte: Investingcom - 🏆 450. / 53 Consulte Mais informação »