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Everybody knows that October is a bad month, but it typically begins the best six months of any given year, Macro Risk Advisors CFA, CMT, and chief technical strategist John Kolovos told Real Vision’s Trade Ideas.
This year, sentiment extremes and selling extremes are increasing the probability of equities being strong into year-end, he said.
“We’re seeing higher highs and lower lows in the market, which is driving extremes in sentiment. Sentiment is going to be a huge driver to my call and I think to everyone else's call.”