On this week’s shortened episode of Tape Talk, Quint and Daniel review where the market ended the month of October and what it means as investors look ahead.
October Roller Coaster
As investors leave the month of October in their rearview it holds up to its mythical reputation as a month of volatile events. Investors saw the month start with many of the indices at or near highs only to see markets go nearly flat by month-end. After coming close to testing lows for the year many investors, no doubt, are curious about what the remainder of the year has in store.
Financials In Focus
While stocks started November with a bit of a reprieve, the October damage has been done in a variety of sectors. Financials are what we’re looking at here in the coming weeks. The sector was especially weak in the latest downturn and that can be a bit concerning when one considers the pivotal role financial companies play in our overall domestic economy.
Cash In Vogue
As we allow markets to digest the latest move and tip their hand to the next leg of the journey cash is an appealing place for a piece of our portfolios here. We’ll walk through why this makes sense for us and our portfolios even while the downturn seems to have paused for the moment.
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