Shutdown Averted, Now What?
Financial markets had a challenging week and month. The S&P 500 fell nearly 5% in September, marking its worst monthly performance since December. It also wrapped up the month with a fourth consecutive week of losses, ending Q3 on a low note. A hawkish Fed and risks of a now thankfully averted government shutdown weighed on sentiment. In commodities, gold and platinum continued to struggle, while oil prices remained high due to tight supply and demand. The market will watch an OPEC meeting mid-week this week closely. This week we consider 2 trade ideas based on a mean reversion strategy and include our educational slide detailing how mean reversion can be practically used. Details in our full report for paying subscribers.