Recently, the US stock market has been on a roll hitting new highs with the boost of rate cut bullish, showing no signs of slowing down.

On September 26, 2024, the S&P 500 index hit a historical high for the 42nd time this year. The S&P 500 index has risen by more than 20% since the beginning of the year, achieving the feat of rising by over 20% for two consecutive years. Since its establishment in 1927, the S&P 500 has only accomplished this feat four times, with the last time being during the internet bubble period in 1998.

As September comes to an end, many investors are looking forward to the performance of the US stock market in October.

Historically, October has the reputation of being the "bear market killer." Since 1990, the s&p 500 index has averaged a 1.45% increase in October, ranking behind only November and April in performance.

Looking ahead to October, a series of major events in the US stock market are approaching: including a speech from Federal Reserve Chairman Powell, the vice presidential candidate debate in the USA, the debut of tesla Robotaxi, and the upcoming new round of financial reports.

Specifically:

In the early hours of October 1, Federal Reserve Chairman Powell delivered a speech at the National Association for Business Economics.

On October 2, the US vice presidential candidates will take the stage for a debate.

In the early morning of October 10, the Federal Reserve will release the minutes of the monetary policy meeting, which may provide investors with clues about the future interest rate path;

On October 11th,The highly anticipated Robotaxi from tesla will make its debut; In addition to the Robotaxi itself, investors are also concerned whether tesla will introduce more affordable new models at this event; on the same day, a new round of earnings season begins in us stock market, with jpmorgan and other bank stocks taking the lead;

Furthermore, a series of heavyweight economic data will also be disclosed successively, including ISM manufacturing PMI, non-farm employment, CPI, PPI, PCE, etc.

Editor/Somer