The election is going to dominate early November trading so making moves based on seasonals is unwise. That said, it’s useful to keep them in mind as the dust settles.
Going into last November, the S&P 500 had declined for three straight months but that month marked a turning point as it recouped nearly all the gains in what was the beginning of a five-month rally. This time, we’re coming into the month with better momentum, though October was negative for stocks.
This article was written by Adam Button at www.forexlive.com.
