Monday, October 2–Jim Wyckoff’s Morning Markets Report
World stock markets were mostly firmer overnight. U.S. stock indexes are pointed toward firmer openings when the New York day session begins.
The war of words between the U.S. and North Korea flared up again over the weekend. After the U.S. Secretary of State Rex Tillerson suggested there is some dialogue taking place with North Korea regarding its nuclear missiles, President Trump then tweeted “save your energy Rex.” So far, the world markets are not reacting strongly to the weekend developments on the geopolitical front.
As the month of October begins, the month of September turned out to be one of the least volatile months for the U.S. stock market in over 65 years.