Reward 500 Tiger-coinsThe market experienced significant volatility in October. $.SPX(.SPX)$ closed down 0.99% in October, marking the second month this year with a decline. This was mainly due to yesterday's sharp drop in SMCI and disappointing earnings from major tech companies.
1. How do you trade in October?
Chinese concept stocks rose continuously at the beginning of October but cooled off after China's National Day holiday.
The upcoming election undoubtedly became the busiest hotspot in October, with DJT rising nearly 200% and Bitcoin returning above $70,000.
Nvidia surged significantly, briefly surpassing Apple in market value, following TSMC's better-than-expected earnings report.
2. November effect come into play?
As we enter November, seasonal patterns are expected to become a positive factor for U.S. stocks.
According to LPL Financial, November has historically been the strongest month for U.S. stocks since 1950. Data from Bespoke Investment Group also shows that over the past 100 years, the average gain for the S&P 500 in November has been over 1%.
3. Will stock buybacks and election trade bring more good news?
With stock buybacks starting again amid the election year market, Goldman Sachs analysts point out that October 28 marks the beginning of the best fourth-quarter trading period for U.S. stocks since 1928, especially during election years.
The stock buyback window for publicly listed companies also reopened this Monday.
Data from election years since 1928 shows that the median return for the S&P 500 from October 27 to December 31 is 6.25%.
With so much dazzling growth in October, have you made any money?
Do you think November will continue to soar in the wake of the election market?
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