Uptober is Here: 5 Reasons for Optimism

A Complex Market Environment The past few months on Wall Street have been confusing, complex, and often contradictory. On the one hand, U.S bond yields have reached their highest level since 2002, oil prices have soared, the War in Iran has yet to conclude, and market breadth (participation) has been atrocious. Meanwhile, the major market indices have been extremely resilient. For instance, in the normally seasonally brutal September, the Nasdaq 100 Index ETF (QQQ) gained 3%. The tech-heavy index is now less than 1% away from all time-highs. Instead of relying on gut feel and news headlines, investors should rely on historical data sets. From this perspective, bulls may be in for a pleasant fall surprise. Below are 5 reasons why. 1.