THE BRIGHT SIDEMarket Commentary |
—“It is always darkest just before the day dawneth.”—
Thomas Fuller | English theologian and historian
The quote above is better known today as “It is always the darkest just before dawn.” Well, October was one of the worst months we’ve seen in years for stocks, but we see a much brighter future. The next two months could have a nice year-end rally thanks to historically bullish seasonal patterns during midterm years and the extreme buying strength we saw last week. Yes, there is a potential bright side to what could happen next!
John Lynch Chief Investment Strategist, LPL Financial
Ryan Detrick, CMT Senior Market Strategist, LPL Financial