October 2024 Market Brief – Spooky Season; A History of the October Surprise

Published on October 23, 2024

October has garnered the reputation as a spooky month, and not just due to Halloween. The dreaded “October surprise” is typically a nasty political shock and the market has experienced extreme historical volatility in October’s past. But we view October through a more positive lens; we are about to enter the strongest 6-month seasonal period for equity markets. Even in election years, November and December are often very strong, typically powered by the Santa Clause rally to close out the year.  

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Q4 2024 Market Outlook

Published on September 25, 2024

Bracing For Turbulence
Q4 2024 Market Update

“An election is coming. Universal peace is declared, and the foxes have a sincere interest in prolonging the lives of the poultry.”- George Eliot

Q3 is always a rocky one and it lived up to its name by producing more volatility than we have seen all year. As we turn the page to the final quarter of the year, questions abound about if the market can keep up the bull run or if it’s been fatally wounded by a slowing economy and weakening labor market. The looming elections are causing anxiety levels to reach full panic mode for many investors; however, we temper that fear as elections matter much less to markets than they do to us personally. We argue the bull market is still alive and well, and we survived the weakest quarter of the year setting up for a year-end rally post-election.

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