By: Steve Smith
After a very rough month, stocks have enjoyed a nice rebound. But there are several indicators that say the worst might not be over.
The major stock indices lost, on average 7%, during October — the worst monthly performance since 2016.
And that decline was pared significantly by a 3.6% rally in the last two days of the month. It continued on this first day of November. This has many people thinking that they’ve seen the near-term low. But, looking at the bigger picture suggests that the bear market may come back to bite again.
First, there is strong historical data that shows that the last two days of October — and the first two days of November — are the best…
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