"This should make sense intuitively given that August and September have historically been weak months and the market has always eventually bounced back from sell-offs," according to a note on Friday.
"According to Bespoke Investment Group, October has historically been the month where the biggest stock market surges have begun. There have been 61 rallies of 10% or more since World War II, and 19 of them started in October."
"Ned Davis Research said the stock market is likely to stage a 'persistent ascent' that will be supported by seasonal trends in the fourth quarter, which is typically the year's strong three-month period."
"Jay Hatfield, CEO at Infrastructure Capital Advisors, said in a note Friday that the latest jobs report is still consistent with a growing economy and validates his S&P 500 target of 6,000, which implies 11% upside."
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