October off to "iffy" start and headwinds emerge, but structural tailwinds stronger. We ultimately expect investors to "buy the dip" but watch the VIX term structure.

VIDEO: Already headwinds are emerging for October, but we believe the existing tailwinds are stronger and ultimately investors will buy this dip.

Please click below to view our Macro Minute (duration: 4:15).

Equities sold off sharply on the first day of October with S&P 500 down -1% and Nasdaq 100 and Russell 2000 down ~1.5%. For 2024, this seems to be a pattern as 6 of the 10 months so far started with ...

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