Contrary to what happened last year, this October ending Thursday did not bring a sea of red in the stock markets, quite the contrary, with the S & P500 coming in this past week very close to new historical highs, again benefiting optimism that the US and China could come to an understanding of the trade war. A theme that in the coming days may go unnoticed as there will be other very important news, such as the avalanche of companies that will release results, but especially the meeting of the EDF and nonfarm payrolls.
Photo by Ryan Quintal.
Employment figures are expected to decline from September, but although they are very important it will be the FED meeting that may contain the surprise element that will condition the market in November, because it is almost accepted by everyone this week. Fed interest rates will fall another 0.25%, otherwise it will be a substantial disappointment that would lead to a rain of sales in the coming month. This or some statement by Jerome Powell about a halt in the interest rate cut for an extended period of time, as if interest rates are no longer expected to be expected by the end of the year, it is clear that investors want a quick return to even lower interest rates, around 0.5% (max).
