A view of the charging Bull with a girl in New York Metropolis USA throughout coronavirus pandemic on April 25, 2020.
John Nacion | NurPhoto | Getty Photographs
Traders may gain advantage from a robust seasonal tailwind in the event that they purchase stocks this month and keep invested, in response to Bank of America technical strategist Stephen Suttmeier.
In a notice to purchasers, Suttmeier identified that the perfect three and six-month durations for the S&P 500 start in November, making October a major alternative for traders to extend their fairness publicity.
“Traders and monetary media like to commiserate over ‘Promote in May and go away’ however typically neglect about ‘Purchase in October and keep,'” Suttmeier stated.