Should you be worried about October?

[] It’s not all candy bars and pumpkin pie… [View in browser]( [View in browser]( [] SEPTEMBER 30, 2024 [] [] Hey y’all, Should traders be worried about October? The markets have been running pretty hot lately, and there’s a feeling that the air has to come out of the balloon at some point… right? And even though October is historically one of the strongest months of the year, everyone is looking for some reason to panic. Take this, for example. Roger Scott shared this chart in our company chat, pointing out the worrying discrepancy between the SPY pushing for all-time highs while trading volume is deflated: [] Shouldn’t the markets be red hot as we push towards new highs? Or what about the markets this morning? Just kind of a sideways mush despite all the reasons for bullish optimism… As I write this (10:30 AM ET), it seems that people are just waiting for Chairman Powell’s speech this afternoon to make their minds up about what to do in the markets. It seems that even though there are a ton of reasons for optimism, things just still feel icky. And then there’s THIS chart, one suggesting that in an “open field” election (one in which neither candidate is running as an incumbent) October is actually a bad month for the stock market: [] It’s easy to see how someone could take a look at all that and feel a little queasy and nervous about whether October will be all it's cracked up to be. But I want to put your mind at ease a little bit… Maybe it’s because October is my favorite month of the year, but I have a good feeling about the markets right now. Yes, there’s uncertainty. And yes, I think there will be lots of volatility throughout the month. But I do believe that the general direction of the market will be higher. Remember that while “open fields” are a mixed bag for the stock market, we’re really not in an “open field” this election. I’ll beat the drum on this forever, but both of these candidates are 100% known quantities, and therefore, neither one scares Wall Street too much. And in addition to the Presidential election, all of this is happening this month in the stock market: • The Fed opening up a new era of easier money borrowing with massive rate cuts • China injecting money into the global economy with massive new stimulus • A new slate of earnings reports coming in the month of October There are plenty of reasons for positivity. So I wouldn’t stress TOO much about October. It will be a bumpy ride, for sure, but I think it’ll be an uphill ride. Once the election comes and goes, that might change. But for now, I’m feeling pretty calm about everything. Hope you can find some calm, too. To your Prosperity, Stephen Ground P.S.: If you’re still uncertain about the election, you should [check out this briefing](. SumZero’s #1 ranked stock picker in North America, David Trainer, joined Nate Tucci to share his TOP stock pick for a Harris AND Trump victory. [] [] [] SEPTEMBER 30, 2024 [] [] Hey y’all, Should traders be worried about October? The markets have been running pretty hot lately, and there’s a feeling that the air has to come out of the balloon at some point… right? And even though October is historically one of the strongest months of the year, everyone is looking for some reason to panic. Take this, for example. Roger Scott shared this chart in our company chat, pointing out the worrying discrepancy between the SPY pushing for all-time highs while trading volume is deflated: [] Shouldn’t the markets be red hot as we push towards new highs? Or what about the markets this morning? Just kind of a sideways mush despite all the reasons for bullish optimism… As I write this (10:30 AM ET), it seems that people are just waiting for Chairman Powell’s speech this afternoon to make their minds up about what to do in the markets. It seems that even though there are a ton of reasons for optimism, things just still feel icky. And then there’s THIS chart, one suggesting that in an “open field” election (one in which neither candidate is running as an incumbent) October is actually a bad month for the stock market: [] It’s easy to see how someone could take a look at all that and feel a little queasy and nervous about whether October will be all it's cracked up to be. But I want to put your mind at ease a little bit… Maybe it’s because October is my favorite month of the year, but I have a good feeling about the markets right now. Yes, there’s uncertainty. And yes, I think there will be lots of volatility throughout the month. But I do believe that the general direction of the market will be higher. Remember that while “open fields” are a mixed bag for the stock market, we’re really not in an “open field” this election. I’ll beat the drum on this forever, but both of these candidates are 100% known quantities, and therefore, neither one scares Wall Street too much. And in addition to the Presidential election, all of this is happening this month in the stock market: - The Fed opening up a new era of easier money borrowing with massive rate cuts - China injecting money into the global economy with massive new stimulus - A new slate of earnings reports coming in the month of October There are plenty of reasons for positivity. So I wouldn’t stress TOO much about October. It will be a bumpy ride, for sure, but I think it’ll be an uphill ride. Once the election comes and goes, that might change. But for now, I’m feeling pretty calm about everything. Hope you can find some calm, too. To your Prosperity, Stephen Ground P.S.: If you’re still uncertain about the election, you should [check out this briefing](. SumZero’s #1 ranked stock picker in North America, David Trainer, joined Nate Tucci to share his TOP stock pick for a Harris AND Trump victory. [] [] [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub]( [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub](