October has been tough on equity markets this year.
For example, the S&P 500 opened to a sea of red this past early last week.
McDonald's was one of the few green spots on that heat map. Which reminds me, Mickey D's is becoming a little more modern by adding online and touchscreen ordering.
For some context, the S&P is on pace for it's worst sell-off since 2010 ... while the NASDAQ hasn't been hit like this since post-Lehman in 2008.
Is it a correction or a blip?
Historically, midterm elections inspire uncertainty among investors that dissipates quickly as soon as they're over. Once that uncertainty is resolved, the S&P gains an average of 31% the following year.
Markets exist to trade ... and confusion is a primary catalyst. As such, many people believe the market will rally ... while others believe that the traditional midterm effect could be blunted.
For all the confusion in today's society, it's good to see that some things don't change.
Onwards.
Comments
Is the Market Sell-off Going to Continue?
October has been tough on equity markets this year.
For example, the S&P 500 opened to a sea of red this past early last week.
McDonald's was one of the few green spots on that heat map. Which reminds me, Mickey D's is becoming a little more modern by adding online and touchscreen ordering.
For some context, the S&P is on pace for it's worst sell-off since 2010 ... while the NASDAQ hasn't been hit like this since post-Lehman in 2008.
Is it a correction or a blip?
Historically, midterm elections inspire uncertainty among investors that dissipates quickly as soon as they're over. Once that uncertainty is resolved, the S&P gains an average of 31% the following year.
Markets exist to trade ... and confusion is a primary catalyst. As such, many people believe the market will rally ... while others believe that the traditional midterm effect could be blunted.
For all the confusion in today's society, it's good to see that some things don't change.
Is the Market Sell-off Going to Continue?
October has been tough on equity markets this year.
For example, the S&P 500 opened to a sea of red this past early last week.
McDonald's was one of the few green spots on that heat map. Which reminds me, Mickey D's is becoming a little more modern by adding online and touchscreen ordering.
For some context, the S&P is on pace for it's worst sell-off since 2010 ... while the NASDAQ hasn't been hit like this since post-Lehman in 2008.
Is it a correction or a blip?
Historically, midterm elections inspire uncertainty among investors that dissipates quickly as soon as they're over. Once that uncertainty is resolved, the S&P gains an average of 31% the following year.
Markets exist to trade ... and confusion is a primary catalyst. As such, many people believe the market will rally ... while others believe that the traditional midterm effect could be blunted.
For all the confusion in today's society, it's good to see that some things don't change.
Onwards.
Posted at 03:49 PM in Business, Current Affairs, Market Commentary, Trading, Trading Tools | Permalink
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