It’s easy to see how someone could take a look at all that and feel a little queasy and nervous about whether October will be all it's cracked up to be.
But I want to put your mind at ease a little bit…
Maybe it’s because October is my favorite month of the year, but I have a good feeling about the markets right now.
Yes, there’s uncertainty. And yes, I think there will be lots of volatility throughout the month.
But I do believe that the general direction of the market will be higher.
Remember that while “open fields” are a mixed bag for the stock market, we’re really not in an “open field” this election. I’ll beat the drum on this forever, but both of these candidates are 100% known quantities, and therefore, neither one scares Wall Street too much.
And in addition to the Presidential election, all of this is happening this month in the stock market:
| | • | | The Fed opening up a new era of easier money borrowing with massive rate cuts | | | • | | China injecting money into the global economy with massive new stimulus | | | • | | A new slate of earnings reports coming in the month of October |
There are plenty of reasons for positivity.
So I wouldn’t stress TOO much about October. It will be a bumpy ride, for sure, but I think it’ll be an uphill ride.
Once the election comes and goes, that might change. But for now, I’m feeling pretty calm about everything.
Hope you can find some calm, too.
To your Prosperity,
Stephen Ground
P.S.: If you’re still uncertain about the election, you should check out this briefing. SumZero’s #1 ranked stock picker in North America, David Trainer, joined Nate Tucci to share his TOP stock pick for a Harris AND Trump victory. | |
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