Why the recent market decline was likely just a shakeout before a major rally

The recent market decline has many people wondering if this is the start of a bigger correction, or just a shakeout before a fourth quarter rally. Iā€™m leaning towards the latter for the following reasons: seasonality, the Fed, technicals, and sentiment.

Seasonality is a short-term negative, but a positive into year-end. From approximately mid-September until mid-October, factors such as index rebalancing and end-of-the-quarter portfolio adjustments can lead to seasonal weakness. These…


Source link

About search

Check Also

European Stocks Drop With US Tech Rally Faltering: Markets Wrap – Yahoo Finance

European Stocks Drop With US Tech Rally Faltering: Markets Wrap – Yahoo Finance

[unable to retrieve full-text content]European Stocks Drop With US Tech Rally Faltering: Markets Wrap  Yahoo Finance …

Leave a Reply

Your email address will not be published. Required fields are marked *