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the markets tend to fall this time of year regularly. the dow is still over 25,500 though, UP from when trump took office. remember that oct ends the extensions that people and businesses can file to pay their taxes, so of course stocks are going to be sold off to pay those taxes.
the markets tend to fall this time of year regularly. the dow is still over 25,500 though, UP from when trump took office. remember that oct ends the extensions that people and businesses can file to pay their taxes, so of course stocks are going to be sold off to pay those taxes.
https://www.wisebread.com/6-things-i...october-effect According to a new report from Yardeni Research, the average monthly return in October is 0.4%. That's not a massive return, but there were 51 years of positive returns versus 36 years with down markets. It's worth noting that when the market goes down in October, it goes down hard, to the tune of 4.7%. But that's offset by good months that average a 4.1% gain. In other words, history shows that October could swing big in either direction.
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