{"id":23689,"date":"2023-10-02T04:22:15","date_gmt":"2023-10-02T04:22:15","guid":{"rendered":"https:\/\/microloannexus.com\/investing\/why-you-shouldnt-be-spooked-about-the-markets-performance-in-october\/"},"modified":"2023-10-02T04:22:16","modified_gmt":"2023-10-02T04:22:16","slug":"why-you-shouldnt-be-spooked-about-the-markets-performance-in-october","status":"publish","type":"post","link":"https:\/\/microloannexus.com\/?p=23689","title":{"rendered":"Why You Shouldn’t be Spooked About the Market’s Performance in October"},"content":{"rendered":"
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\n

October brings Halloween and starts the fourth quarter.<\/h4>\n


\n Robyn Beck \/AFP via Getty Images
\n <\/span>
\n <\/figcaption><\/figure>\n<\/p><\/div>\n

It\u2019s officially spooky season, but that doesn\u2019t mean investors need to be afraid.<\/p>\n

September is historically the worst month for the stock market, and this year proved no different. The
\n Dow Jones Industrial Average
\n fell 3.5% in September, its worst monthly performance since February. The
\n S&P 500
\n dropped 4.9% and the
\n Nasdaq Composite
\n declined 5.8%, both indexes\u2019 worst month since December.<\/p>\n

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There were plenty of reasons for stocks to fall. Inflation remained a top concern for investors and consumers, with oil prices rising and getting close to $100 a barrel. <\/p>\n

That plays into an equally important point. While investors had hoped that gains in the fight against rising prices might allow the Federal Reserve to stop raising interest rates, or even cut them next year, Chairman Jerome Powell made it clear that the central bank was going to keep them higher for longer.<\/p>\n

\u201cEverything is based on interest rates. When you value stocks and you value streams of earnings, the number one parameter that changes the value is interest rates,\u201d Eric Diton, president and managing director of\u00a0The Wealth Alliance, said in an interview with Barron\u2019s. <\/em>\u201cSo interest rates matter a lot.\u201d<\/p>\n

Investors have also been concerned with the government shutdown, which Diton said causes an automatic slowdown to the economy as people stop getting paid and services halt. <\/p>\n

Some investors think of October as a tough stretch\u2014no surprise given that 1987\u2019s Black Monday, the 1929 crash and the bank panic of 1907 all happened during the month\u2014but it historically it has been better than September. Since the indexes\u2019 inceptions, the Dow Jones Industrial Average has increased an average of 0.5% in October, while the S&P 500 and the Nasdaq Composite have respective average gains of 0.6% and 0.8%. <\/p>\n

\u201cI see a lot of signs of excessive negativity,\u201d Diton said. \u201cOne thing October has done a whole bunch of times is make a historic bottom in the month. A lot of major bottoms have occurred in that month. And I actually think the fourth quarter is going to be positive, and I think that October is going to be positive.\u201d<\/p>\n

Diton isn\u2019t alone in this belief. Cory Mitchell, an analyst from investing information website Trading.biz, wrote that \u201cwhile there are no guarantees the seasonal averages will play out this year, historically late September is a good time to \u2018buy the dip\u2019 in quality stocks to benefit from the October and November rally (December is also a decent month historically).\u201d<\/p>\n

Diton added that the market\u2019s overall 2023 gains have been led by a handful of tech companies, leaving the potential for other stocks to go higher as the year comes to an end. \u201cThe market is just slightly positive in my view, so I\u2019m not spooked or worried about the market giving up big gains,\u201d he said.<\/p>\n

Write to Angela Palumbo at angela.palumbo@dowjones.com<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

October brings Halloween and starts the fourth quarter. Robyn Beck \/AFP via Getty Images It\u2019s officially spooky season, but that doesn\u2019t mean investors need to be afraid. September is historically the worst month for the stock market, and this year proved no different. The Dow Jones Industrial Average fell 3.5% in September, its worst monthly<\/p>\n","protected":false},"author":1,"featured_media":23690,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"class_list":{"0":"post-23689","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"yoast_head":"\nWhy You Shouldn't be Spooked About the Market's Performance in October | Micro Loan Nexus<\/title>\n<meta name=\"description\" content=\"October brings Halloween and starts the fourth quarter. 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