Stocks Poised to Rally in October Despite Volatility Concerns

Momentum traders are poised to buy the S&P 500 over the next month according to Goldman Sachs, with record low exposure currently.

Stocks may get a seasonal bounce in October according to some strategists, though the month can also be volatile.

Markets are eyeing earnings, inflation data and Middle East tensions. Stocks futures are rising while yields fall.

The Fed, Israel-Gaza conflict, and auto strikes are in focus. Pepsi and IMF forecasts out. More Fed speakers due.

Gold hit a one-month high as investors seek safety amid Middle East violence. Historical data shows gains often fade quickly after geopolitical events.