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Is Cash King or Will October Stock Market Upswing?

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Markets are showing a continued retracement across almost all asset classes and have been throughout September. So, is now the time to lower your investment exposure to the stock market and hold more cash for future opportunities?

We are seeing the VIX (INDEXCBOE:VIX) volatility index remain at a price level 3 times the riskiness of just last year. This shows the complete absence of stability in markets. The Vix is remaining stable at those high levels, so its not indicating any type of panic is about to ensue but it’s definitely not saying everything is fine and dandy either.

Liquidity is leaving the entire system and not just rotating into other forms of investment vehicles, major hedge funds are taking profits and lowering their exposure in the run up to the election, the S&P 500 Index (INDEXSP:.INX) is trading below its 50-day moving average, and there has been an overall decrease in investor participation within the market…

So what does this mean for us, the retail investors?

Watch the full interview to see what our trading strategies are for the month of October.

Original article: Is Cash King or Will October Stock Market Upswing?

©2020 Midas Letter. All Rights Reserved.


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