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Wednesday, October 25, 2023 5:01:03 PM
Late October Low Lines Up
By: Almanac Trader | October 25, 2023
I’ve been banging my seasonal weakness drum through Q3 warning of Octoberphobia, volatility, late-October lows and turnarounds. Today’s negative action aligns with that narrative. Best Six Months start next week. Rising 10-year yields, some notable earnings season misses and turmoil in the Mideast have conspired with seasonal weakness to knock the market down. But at least we now have a Speaker of the House.
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DiscoverGold
By: Almanac Trader | October 25, 2023
I’ve been banging my seasonal weakness drum through Q3 warning of Octoberphobia, volatility, late-October lows and turnarounds. Today’s negative action aligns with that narrative. Best Six Months start next week. Rising 10-year yields, some notable earnings season misses and turmoil in the Mideast have conspired with seasonal weakness to knock the market down. But at least we now have a Speaker of the House.
Read Full Story »»»
DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
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