Fed's Barkin Sees More Work to Do on Inflation
October Tends to Be a Positive Month for Stocks - Unless a Presidential Election Is Looming
10/3 [Strength and Weakness Materials]
[Bullish and bearish factors] Bullish factors: Dow Jones Industrial Average is rising (42,196.52, +39.55), Nasdaq Composite Index is rising (17,925.12, +14.76), 1 dollar = 146.70-80 yen, Chicago Nikkei futures are rising (38,665, up 915 compared to Osaka), SOX Index is rising (5,099.20, +74.26), VIX Index is decreasing (18.90, -0.36), US crude oil futures are rising (70.10, +0.27), Expectations for inflation easing in the USA, active share buybacks, Tokyo Stock Exchange.
Goldman Sachs technical strategist: s&p 500 index target of 6000 points is too low, US stocks will see a big rally by the end of the year.
Goldman Sachs technology strategist Scott Rubner said he is worried that the 6000 point target is too low!
Mid Week Session Ends With Stalled Market
U.S. Markets End the Day Unchanged, Mid-East Tensions Continue, and Oil Prices Stabilize.
