October effect or rebound? How do you trade in Oct.?
$S&P 500(.SPX)$ and $NASDAQ(.IXIC)$ lost % and % in the past month. The yield on the benchmark 10-year bond climbed higher to hit a fresh 15-year high of 4.643%.
After the upset September, are you ready for October Effect?
The October effect is the belief that stocks tend to decline in October, often linked to historical crashes like Black Monday in 1987. September has seen more market declines historically.
Analysts expect more losses till the year-end?
According to the poll by Reuters,
A majority (71%) of analysts anticipate a correction in their local equity markets by year-end.
Surprising stock surges in May-July coincided with strong economic performance, but concerns about underperformance persist.
High money market rates, higher U.S. Treasury yields, and expectations of continued elevated rates contribute to the correction sentiment.
Some contrarian investors see it as a buying opportunity.
At what price will you bottom big tech?
Tech giants also dip much in this pullback.
With the faded AI enthusiasm, $NVIDIA Corp(NVDA)$ fell to $420 but still way higher than the surprising earnings beat level. It’s also true for others. Most big techs are trading at a relatively high level.
Wanna learn more about target price for bottom hunting, you can read Sell put to earn premium and prepare for Oct. rebound! My target price for AAPL, MSFT, TSLA, NVDA
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🌟🌟🌟After the sharp sell off in September, we herald the arrival of October with great trepidation. October is after all the month of all things scary with Halloween and the Black Monday Crash of 1987. On that fateful day, the S&P500 fell 20% in just 1 day.
So here we go again. Will we experience another Black Monday? Bulls say No but Bears say Yes! Nobody can be certain as we do not have the crystal ball into the future.
But what I do know is that the stock markets reward those who are patient and it's time in the markets that count, not timing the market. Buy and hold wonderful companies on sale and simply let the magic of compounding happen. That's how Warren Buffett became a billionaire and that's what I would do.
So let's welcome October with open arms. If a Black Monday happens, it is time to be greedy and buy wonderful companies on sale. Let's be bold and find our winning trades!
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buying big tech on bargain prices. but there's too many good ones. why choose when we can buy them all with $Technology Select Sector SPDR Fund(XLK)$
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