I’m really not liking the current chart of the S&P 500. The market is having a very hard time trading above the 50-day moving average and the short term trend is down. The market has been stuck in a trading pattern since the beginning of August and has been building up energy for a big move (either up or down). October is historically a volatile month for equities and the recent news from the Economic Cycle Research Institute (ECRI) predicting that a new recession is now unavoidable is not helping things: Economic Cycle Research Institute: New Recession Is Unavoidable.
Now might be a good time for investors to learn how to hedge their portfolios with inverse ETFs.