9/26/2022 October-Annual Window Dressing-Mid-Term Hope?
AUTHOR: TOWNEWEALTHMANAGEMENT.NET/BLOG 9/26/2022 Towne Wealth Management BLOG:
October-Annual Window Dressing-Mid-Term Hope?
October,historically, is the most volatile investment month for the stock market, says Bloomberg 9/1/2022, which might be hard to believe after this September’s most recent performance. Nevertheless, the article goes on to point out that the 1929 crash, 1987 crash and the 2008 crash all occurred in….can you believe it….Halloween’s own month of…October.
Annual Window Dressing
The Annual Window Dressing, in addition, may be part of the pot stirring going on this end of 2022. Window Dressing is the term describing portfolio managers who, in an effort to improve the performance appearance in funds, sell stocks with large losses and purchase high-flying positions, reports Investopedia 2/2/2021.
Mid-Term Hope
In 17 of the 19 midterms since 1946, the marketdid better in the six months after an election than it did in the six months running up to it, according to Charles Schwab 9/13/2022. One more factor suggesting further volatility but then….some hope?
A number of pundits are now suggesting we are oversold, having retested the June 2022 lows….Yet, as Fed Chairman Powell stirs the caldron with interest rate increases….
it looks like Halloween’s month, Window Dressing and the Mid-Terms will be part
of how we ….finish the cooking
of this end-of-the-year market brew….
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The opinions expressed in this material do not necessarily reflect the views of LPL Financial and based on the political content of this material are for general information only and are not intended to provide specific advice or recommendations for any individual. The economic forecasts set forth in this material may not develop as predicted. All indices are unmanaged and may not be invested into directly.
Russell E. Towne, LPL Financial Advisor, is a registered representative with and Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC.
The opinions expressed in this material do not necessarily reflect the views of LPL.