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 News

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." .

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:

 /  🏆 12. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

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

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
Source: Investingcom - 🏆 450. / 53 Read more »