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Monthly Market Outlook: No Break for the Holidays! Will the Market Continue to Rise in October?

As expected, the Federal Reserve cut interest rates by 25 basis points in September. U.S. stocks surprisingly broke the "September curse," f Show More
As expected, the Federal Reserve cut interest rates by 25 basis points in September. U.S. stocks surprisingly broke the "September curse," frequently hitting new all-time highs during the month, while Hong Kong's Hang Seng Index briefly surpassed the 27,000-point mark! Looking ahead to October, the market will focus on a new earnings season for U.S. stocks and the Federal Reserve’s October policy meeting. Goldman Sachs predicts that volatility will increase significantly in October. Additionally, with the upcoming National Day and Mid-Autumn Festival holidays, the Hong Kong stock market will be closed on October 1st and 7th, presenting potential opportunities in sectors such as tourism and consumer goods. After National Day, can the Hong Kong and mainland China markets once again experience a rally? Amid expectations of another rate cut in October and the ongoing earnings season, can U.S. stocks continue their upward momentum?
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