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U.S. stocks ended October at all-time highs

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Moomoo Learn joined discussion · Nov 1, 2021 01:39
The market hit a record high at the end of October.

Despite the disappointing earnings results of some big names and rising inflation concerns, October shaped up to be the best month of the year while the broad market indexes are broaching their new records.
U.S. stocks ended October at all-time highs

The Wall Street veteran Doug Ramsey said that it looks like the market melt-up has just begun. What is melt up?
Melt up is a term that refers to an unexpected rising in the stock market, which is mainly driven by investor sentiment rather than earnings growth.
Some investors would flock into buying stocks for fear of missing out on opportunities, pushing up the stock market. That is, what we usually call FOMO.
Chris Harvey, head of equity strategy at Wells Fargo Securities, resonate with the idea that “We'll have the equity market melt-up. We'll bring stocks to a level where the fundamentals and valuations don't support them.”
He predicts that the year's biggest bull won't extend into next year.
Do you agree with him? What should we do when the unpredictable market is ahead?
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U.S. stocks ended October at all-time highs
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