Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Stocks in Asia edged up Monday morning as U.S. Treasury yields bounced higher after plunging last week which sent markets into a panic.Asia Marketsread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
Trump said Cook made a "good case" that it would be difficult for Apple to pay tariffs, when Samsung does not face the same hurdle because much of its manufacturing is in...Technologyread more
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
"I don't want to do business at all because it is a national security threat," Trump told reporters.Technologyread more
Trump's is due to visit Copenhagen early next month, when the Arctic will be on the agenda in meetings.Europe Politicsread more
The MacBook Pro recall and its subsequent ban from flights underscores the increasing brand risk from problems with lithium-ion batteries.Technologyread more
Experts say the timing of Amazon executives' contributions to Rep. David Cicilline likely reflect the company's heightened urgency over growing regulatory scrutiny.Technologyread more
This October is living up to its reputation as being one of the most violent, scary months for stocks, but "Octoberphobia' can also give way to a turnaround, particularly in a midterm election year.
Stocks have been punished since the month began, with the worst two days of selling — Wednesday and Thursday — driving the Dow down a total 1,300 points. So far for this month, the Dow is down 4.2 percent; the is down 5 percent, and the Nasdaq is down 6.8 percent.
Stock Traders Almanac says the crash of 1929 came during so-called Octoberphobia, as did the 1987 crash, the stock market sell-offs of 1978 and 1979; Friday the 13th in 1989, and the painful 733 point drop on Oct. 15, 2008. The worst weekly decline was the week ending Oct. 10, 2008, when the Dow lost 18.2 percent or 1,874 points during the thick of the financial crisis.
"It's not over yet, and October is not over yet," said Jeffrey Hirsch, editor-in-chief of Stock Traders Almanac. "Everyone was pretty convinced that 'sell in May' was dead this year. Well, they forgot about October," Hirsch said.
Stocks bounced on Friday, after sharp sell-offs Wednesday and Thursday that wiped out more than 1,300 Dow points. The Dow rose 287 points on Friday, finishing the week at 25,339, down 4.2 percent for the five-day period
But Octobers have also been a time of turnaround, with 12 post World War II bear markets ending in October, including the most recent, 1987, 1998, 2001, 2002 and 2011.
Eight of the 12 were midterm bottoms. "Midterm election years Octobers are downright stellar thanks to the major turnarounds," noted Hirsch.
'These things always surprise everybody or else they wouldn't look like this, " he said. "It's not unprecedented..It's definitely something that could easily turn around."
The October period is the beginning of what Stock Traders Almanac calls a "sweet spot," the three quarter period that includes the fourth quarter of midterm year and the first and second quarter of the pre-presidential election year. The Dow averages gains of 20.4 percent in those periods and the S&P is up an average 21 percent.