October tends to be a volatile month for markets.
Steve Sosnick, Interactive Brokers’ chief strategist, discusses the volatile market movements we have seen in recent sessions.
Are there signs of trouble ahead? Or is this just an example of the typical October nervousness?
Photo Credit: fusion-of-horizons via Flickr Creative Commons
The news rattled investors and contributed to stocks closing lower for three consecutive days to end the week, with the energy, financials, and materials sectors all posting gains last week, showing that other groups may join the tech-led rally.
Despite the dollar’s recent weakness, the structural advantages of deep and liquid US financial markets, its dominant role in trade invoicing and as a monetary anchor, are sustaining its primary reserve currency status.
EV sales surge continues and Japan enters the computer chip race
Stocks are drifting and supported by a handful of large-caps.
