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... 😳
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:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dow drops to start Q4, but there's a historical case to remain bullish on stocks in final trading quarterRecession red signals are weighing on stocks, and the fourth-quarter 2018 was a disaster, but over the past decade the final quarter of trading has been the best for the S&P 500, Dow Jones Industrial Average and Nasdaq. No worries it’s just another day of computerized organized crime on WS, the criminals are front running as usual. Up YTD because of the crash the 4th quarter of last year. Not up YOY.
Source: CNBC - 🏆 12. / 72 Read more »
JP Morgan upgrades euro zone stocks to overweight, downgrades USJ.P. Morgan has upgraded euro zone stocks to 'overweight' while downgrading their U.S. counterparts to 'neutral,' reversing a long-standing position.
Source: CNBC - 🏆 12. / 72 Read more »
Chinese stocks sag as trade fight trumps stronger economic dataMarkets in China dipped Monday despite encouraging manufacturing data and a couple of positive IPOs. Analysts said the Chinese economy is not out of the woods yet, and investors are still concerned about escalating US-China trade tensions.
Source: CNN - 🏆 4. / 95 Read more »
Stocks with unequal voting rights may lose out on passive fund flows, Goldman saysFirms that go public are increasingly choosing to issue multiple classes of shares with unequal voting, even though that restricts them from being included in some major stock tracking indexes. That will deny them access to the massive amounts of capital flowing from passively managed funds, Goldman Sachs points out.
Source: MarketWatch - 🏆 3. / 97 Read more »
Stocks making the biggest moves midday: Bed Bath & Beyond, Apple, Newell Brands and moreThese are the stocks posting the largest moves in midday trading. Because, why not? Ridiculous market.
Source: CNBC - 🏆 12. / 72 Read more »
Stocks rise on US-China trade sentiment — Six experts on what it meansStocks traded higher on the last trading day of September. Six experts on how the U.S.-China trade flux is impacting the markets. short term gain for long term pain? 😉 Consumer spending, Feds printing money is keeping the US economy going while China & Russia are in it for the long haul. Strategically USA has never been weaker as a world power, China & Russia will be exploiting that first.
Source: CNBC - 🏆 12. / 72 Read more »