Stock Market Volatility with No New Stimulus | Stock Market Update October 2020

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The markets are down from the high on September 2, where we went into a 10% correction. The recent move back up was based on “hope” for a new stimulus. With the upcoming elections, politics as usual, I would not expect anything in the near future. With this, we continue to focus on the markets and of course the cycles.

As I mentioned in the last video, we were seeing signs of a shift from cycle three to cycle four. Although not 100% there, we are seeing more confirmation, with the rise of the dollar. We discuss this in the video and some opportunities.

With the election coming up I’ve been asked on several occasions about going to cash. As of today we have a high cash position and don't for see any additional changes going forward.



Loftus Wealth Strategies
Michael P. Loftus
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