Light At The End Of The Tunnel
Updated: Dec 10, 2019
October tends to be one of the most volatile months of the year and often starts with some bone-chilling volatility.
Historically, October has ended strongly with an upward trajectory and the overall month’s returns tend to be much better than the lows of the month. We believe that is the case again this year and that another great buying opportunity for equities is available right now.
In other words, we do not buy into the consensus view that the light at the end of the tunnel is a train.
Case in point is China which is up almost 7% over the last 2 trading sessions after reversing off of a key long-term support level.
As China’s growth has been one of the major worries this year, we believe this is significant.