Are you ready for the best month? What's your trading plan?
November is typically the best month for stock market, according to data from the “Stock Trader’s Almanac.”
chart from cnbc
Stock market hits a October bottom or not?
Stocks are very oversold and the bond market is acting like it’s going to be difficult to get 10-year Treasury yields over 5%.
Jeff Hirsch thinks we may have already reached an October bottom.
But the chances the S&P 500 would be down 4 months in a row is very small. October is the third consecutive down month for $S&P 500(.SPX)$ . It hasn’t been down four straight months since 2011.
Time to add some value stocks with PE close to historical low?
$S&P 500(.SPX)$ has dropped 10% from its peak in July, bringing the valuations of S&P 500 component companies closer to historical average levels. PE is close to 20, whereas the long-term average is above 16.
David Kelly, Chief Global Market Strategist at JP Morgan Asset Management, said
I prefer underweighting large-cap stocks and overweighting value stocks,
More optimistic about energy and financial stocks.
Are you ready for the best month of stock market?
How do you plan your portfolio to welcome November?
Which stock/sector will rebound most?
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Yes, I am ready [Happy] [Happy] [Happy] for the best month of the stock market. After keeping my bullet for few months, is time to collect some good stocks and ride with the rally! The reserve cash is ready and now hunting for the best candidates to join my portfolio. For such, I am optimistic for the technology, crypto and EV sectors as most of them have been underwent significant correction for quite some time already. Therefore, I am bullish for the following $Advanced Micro Devices(AMD)$
The Federal Reserve’s rating-setting group on Wednesday unanimously agreed to hold the key federal funds rate in a target range between 5.25%-5.5%, where it has been since July.
This was the second consecutive meeting that the Federal Open Market Committee chose to hold, following a string of 11 rate hikes, including four in 2023.
The decision included an upgrade to the committee’s general assessment of the economy.
How do you interpret the Fed outcome last night? [Cool] [Cool] [Cool] [Miser] [Miser] [Miser]
@TigerSG @Daily_Discussion @Tiger_comments @TigerEvents @MillionaireTiger @CaptainTiger @TigerStars
From an economic perspective, October brought a blow-out GDP print in the US. The consumer continues to remain resilient, as the lagged impact of unprecedented fiscal support and elevated asset prices continues to support spending. However, we would caution that savings continue to be run down, and data shows that all but the upper 20% of households by income have run through their savings. It was also noteworthy that private investment ground to a halt in the third quarter, as higher rates are likely weighing on the decision to borrow and invest in the current environment.
傑夫·赫希認爲我們可能已經到達10月份的底部。
但是標普500指數連續4個月下跌的可能性很小.十月是美國經濟連續第三個月下滑$標準普爾500（。SPX）$.自2011年以來，該指數還沒有連續四個月下跌。
HELP FRIEND !!!
[Salute] [Salute] [Salute] [ShakeHands] [ShakeHands] [ShakeHands] [ShakeHands] [ShakeHands]
🌟🌟🌟After Red October, November is filled with the promise of green shoots of recovery. I invest with optimism and quiet confidence that quality stocks like the Magnificent 7will bounce back stronger than ever before.
I am super excited and ready to welcome November with open arms to uncover hidden treasures in the markets that would shine in the future. Bring it on November! Tis the Start of the much awaited Santa Rally! 🚀🚀🚀🌛🌛🌛🌈🌈🌈💰💰💰🎅🎅🎅
@Tiger_comments @TigerStars @TigerClub @Tiger_SG @MillionaireTiger @CaptainTiger
Hope it will shoot up soon [财迷]