Stocks Inch Up After Nervous Week
Oct 4, 2024
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Min Read
"There are no wrong turnings. Only paths we had not known we were meant to walk." – Guy Gavriel Kay
Good evening,
October began choppily, with the S&P 500 slipping 1.5% in the first three days of the month. Thus far in 2024, six out of 10 months have begun with declines, but eight out of the nine months have ended with stock-market gains. Thus, as Fundstrat Head of Research Tom Lee noted on Thursday evening, "the fact that we are down in the first three days is not entirely a signal for subsequent performance this year."
At our weekly research huddle, Head of Technical Strategy...