Don't worry (too much) about an October market crash
October has often been a spooky month on Wall Street. Stocks famously crashed in October 1929, 1987 and, most recently, 2008.Many risks remain but outlook still promising for stocks.
"The fourth quarter — like the conclusion of sporting events or Broadway plays — is where the drama lies"That said, Navellier is hopeful the usual seasonal tailwinds for the markets and the broader economy will lift stocks this year.
Stocks tend to enjoy not just solid gains in October, but also for the remainder of the fourth quarter. Consumer spending surges during the holiday shopping season and businesses often look to boost investments before annual budgets run out.
$S&P 500 Index (.SPX.US)$ $Meta Platforms (FB.US)$ $Bank of America (BAC.US)$
$S&P 500 Index (.SPX.US)$ $Meta Platforms (FB.US)$ $Bank of America (BAC.US)$
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