September historically has been the worst performing month for the U.S. stock market, and with the recent decline in August, investors should prepare for further volatility and potentially disappointing results in September.
Bitcoin investors may face a turbulent September, but analysts suggest looking towards mid-October for potentially positive market movements.
September has historically been the worst month for stocks, but this year may be different as the excitement around AI, cash on the sidelines, and Apple's new iPhone could potentially drive positive market performance.
The stock market remains above mid-August lows, but higher highs are not expected yet, with the focus on upcoming earnings results and economic data.
The stock market has been stable recently, but it is expected to experience increased volatility in the future.
The crypto market is expected to experience increased volatility due to economic events such as the downward revision of economic growth forecasts for the eurozone and the looming FTX liquidation, as well as the release of crucial inflation data in the US.
Investors are expecting volatility in the stock market to increase after a period of low volatility, as headwinds such as potential interest rate hikes, high oil prices, a government shutdown, and other market uncertainties loom.
In September, the stock market had a poor performance, which is typical for this month.
In September, stocks tend to experience uncertainty, while October is known as the "jinx month" for investors.
Investor sentiment is being weighed down by factors such as rising interest rates, low bond yields, a potential government shutdown, and consumers facing rising prices without salary increases, but there is optimism that October could bring a turning point for the market.
Bitcoin and other cryptocurrencies surged at the start of October as they broke through a previous range, with analysts optimistic about further gains in the month.
The Dow Jones, Nasdaq, and S&P 500 are facing more potential corrections in October as stocks respond to a bond market selloff and economic data is closely scrutinized to validate the Federal Reserve's hawkish stance on inflation control, creating both challenges and compelling opportunities for investors.
Bank of America, PayPal Holdings, and Vertex Pharmaceuticals are three stocks that are considered excellent buying opportunities in October due to factors such as low commercial real estate exposure, oversold status, and attractive valuations.
Tech stocks, including the Nasdaq and companies like Airbnb, are facing a rough start to October as a spike in interest rates leads investors to pull out of risky assets.
October has historically been a challenging month for stocks, and recent declines in the market, driven by elevated bond yields and expectations of higher interest rates, are causing concerns among investors.
Summary: Despite the difficult months for the stock market, Wall Street veteran Art Cashin believes October is a month of opportunity and suggests investing in Apple and Oracle stocks due to their growth potential, strong financial position, and focus on shareholder returns.
The stock market tends to perform better from November to April, a phenomenon known as the Halloween Effect, as historical data shows that stock-market returns have been higher during these months compared to May to October.
The stock market's recent lackluster phase may have a glimmer of hope based on historical trends, with data showing that in years when the S&P 500 gained more than 1.4% in the first five days of October and had negative performance the previous year, the market advanced about 86% of the time; however, the near-term outlook may not be as optimistic, with October historically seeing a negative change and geopolitical tensions potentially dampening economic growth.
Seasonal rotations into bitcoin ETFs and underdog stocks in October present investment opportunities before year-end rallies and after the hot summer markets have cooled down, according to Jeffery Hirsch, editor of the Stock Trader's Almanac.
