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Market Mondays

The Wrap Up: IS THE STOCK MARKET READY TO GO UP?

Market Mondays

EYL Network

Investing, Entrepreneurship, Business

5.04.1K Ratings

🗓️ 12 October 2022

⏱️ 10 minutes

🧾️ Download transcript

Summary

In this wrap up we talked about the stock market, we discussed if it was ready for a bull run. We also talked about Tesla's robot and the future of AI. #tesla #stocks #investing 


Link to episode: https://youtu.be/BK3ggdkewT4


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Transcript

Click on a timestamp to play from that location

0:00.0

The Dow Jones finished 765 points up for the day.

0:05.6

Nasdaq finished 239 points up for the day.

0:09.8

And the S&P finished 92 points up for the day.

0:12.7

So it's interesting because September is usually a down month in the stock market.

0:19.0

It was down.

0:19.9

October is usually a good month in the stock market, especially during midterm election years.

0:25.4

We spoke about this before.

0:26.8

October to April is actually the best month's four stock market historically during midterm election years.

0:36.3

But obviously there's a lot of different variables that go on and play this year.

0:39.3

So is this the start of a run or is this just a pump fake?

0:46.0

Tuesday and Wednesday are going to be the test.

0:48.0

So historically, the market tends to go up on Mondays and Fridays.

0:51.8

If we have a strong Tuesday and a strong Wednesday, it'll be a side of strength.

0:56.6

If we fall Tuesday morning, turn to CNBC before the market opens and see what the features are set to do.

1:04.2

If they're saying that we're down 100 points before the open, it won't be good.

1:09.1

But Tuesday and Wednesday are going to be the test.

1:11.1

I hope this is the start of a strong push.

1:15.0

But we're not hit or hope Tuesday and Wednesday will be the truth teller.

1:19.2

If we're going to go up or not.

1:20.2

I think it's tough to tell because the fact is that a cause in the economic downturn haven't really changed.

1:26.0

If they just still have the stiller crisis in Ukraine, China still encolored it locked down.

1:32.8

Those things haven't changed.

...

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