In keeping with this glorious matrix from Carson Funding Analysis, October 28 is the most effective day of the yr for the S&P 500, traditionally.
Now I do not put a lot weight in day by day averages as a result of they’re extremely influenced by distinctive occasions however Goldman Sachs additionally notes that “Right this moment marks the primary day of the open window interval for company buybacks with ~50% in open window at this time” (h/t @zerohedge for that).
I am undecided how a lot weight I’d placed on buybacks however what I’d spotlight on that chart is the interval from now to November 5 is traditionally an especially robust interval.
I feel it is going to take iron nerves to journey it out by means of that interval as a result of a lot is happening however an excellent guess is to be lengthy any market the day after a neighborhood election. Japan proved that out as soon as once more at this time regardless of the shocking consequence because the Nikkei rose 1.8%.
As I typically say, “there may be at all times one other commerce” and that is good recommendation proper now since you do not need to blow a superb yr at a time like this.
However in case you do, one approach I discover helpful is visualizing future ache. On this case, which means visualizing the rollercoaster this week shall be and all of the ‘ache’ or uncertainty round upcoming occasions, and that nobody can predict how they may go.
