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Are we actually going to have a bullish October?

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by COINS NEWS 120 Views

Not a copium post, just my thoughts for the next month.

So, here is where we are:

Markets reacted violently with CPI figures for August being higher than projected. Next week we are having the FOMC meeting with a projected hike of 0.75% with some analysts speculating a 1% possibility. Markets are seemingly pricing in this over the past few days (along with the CPI reaction).

Where we are going:

In October there is no FOMC meeting. In early November we have the elections. Historically both October and the month before the elections is bullish (data from last 50 years).

Provided that we get 0.75% next week I am speculating that we might actually get a bullish month for a change.

Personally I would like to take this opportunity (if it happens) to close some positions because i expect more slow bleed over the next months.

What does everyone think?

PS. does anyone know where I can watch real time the hike figure announcement?

submitted by /u/itcouldbefrank
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