The stats, which get put up on places like Bloomberg TV showing September, as being generally a stock market negative month – the reality is as we both know that October is always the true risk month
the expensiveness of the stock market with the rundown into November elections with the Geo political risk that is obvious, I would anticipate a lower stock market in October with the risk of a decent pullback.
My guess is that the world in the 2 weeks before November is going to grind to a juddering halt and only once we know the outcome of the US elections will normality return and then a Christmas rally from The FED and from a lower stock market base can occur
You can see in the USD index that 100 or just above has been supporting the dollar now for a while so today’s move is not really surprising
