Stock Market Outlook for October 24, 2025
Uncertain consumer backdrop suggests to look past retail exposure in portfolios during this seasonally positive timeframe ahead.
*** Stocks highlighted are for information purposes only and should not be considered as advice to purchase or to sell mentioned securities. As always, the use of technical and fundamental analysis is encouraged in order to fine tune entry and exit points to average seasonal trends.
Stocks Entering Period of Seasonal Strength Today:
Subscribers Click on the relevant link to view the full profile. Not a subscriber? Signup here.
iShares Semiconductor ETF (NASD:SOXX) Seasonal Chart
GMS Inc. (NYSE:GMS) Seasonal Chart
Amplify Advanced Battery Metals and Materials ETF (AMEX:BATT) Seasonal Chart
Colliers International Group Inc. (TSE:CIG.TO) Seasonal Chart
Global X Autonomous & Electric Vehicles ETF (NASD:DRIV) Seasonal Chart
Korea Electric Power Corp. (NYSE:KEP) Seasonal Chart
EMCOR Group, Inc. (NYSE:EME) Seasonal Chart
Taiwan Semiconductor Mfg (NYSE:TSM) Seasonal Chart
Dillards Inc (NYSE:DDS) Seasonal Chart
Cogeco, Inc. (TSE:CGO.TO) Seasonal Chart
The Markets
Stocks recovered from Wednesday’s decline as traders continue to monitor developments pertaining trade tensions between the US and China. The large-cap benchmark ended up by almost six-tenths of one percent, continuing to sit right on top of the 20-day moving average (~6690). The variable hurdle had kept the short-term trend off of the April lows intact. The 50-day moving average (6588) has so far mitigated a more serious downfall as the pullback that many are hoping for in order to add to risk exposure for the end of the year fails to produce results of significance. The trends of both the volatility index and the US Dollar remain positively sloped, aligned with seasonal norms, as investors remain on edge, providing a headwind to contend with. The suggestion continues that the market may not be in the clear toward broad risk exposure, yet. October is the time of year when fear/volatility hit a peak and the month is showing this unsettled state. The strategy has remained the same, which is to avoid being aggressive in risk (stocks) for now, but take advantage of the volatility shock to increase the risk profile of portfolios ahead of the best six months of the year for stocks that gets underway at the end of October. We have picked our spots in the market to which we want to be exposed, both through and beyond the period of seasonal volatility, in our list of candidates in the market that are worthy to Accumulate or Avoid and this will be an ideal starting point to build up allocations for the best six month of the year timeframe. We will continue to allow for the possibility of volatility to ramp up through the days/weeks ahead and position the risk metrics of portfolios appropriately until a more ideal setup to reach out on the risk spectrum (eg. away from bonds/gold and towards our four desired sectors) is revealed.
Today, in our Market Outlook to subscribers, we discuss the following:
- US Existing Home Sales
- Canada Retail Trade
- Canadian Dollar
Subscribers can look for this report in their inbox or by clicking on the following link and logging in: Market Outlook for October 24
Not signed up yet? Subscribe now to receive full access to all of the research and analysis that we publish
Sentiment on Thursday, as gauged by the put-call ratio, ended bullish at 0.86.
Seasonal charts of companies reporting earnings today:
S&P 500 Index
TSE Composite
| Sponsored By... |
|
