Stock Market Outlook for October 22, 2025
Gold may be correcting its near-term parabolic climb, but the intermediate-term trend remains positive; we’ll tell you when to look to become aggressive in the commodity again.
*** 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:
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CRISPR Therapeutics AG (NASD:CRSP) Seasonal Chart
Utz Brands, Inc. (NYSE:UTZ) Seasonal Chart
Northern Trust Corp. (NASD:NTRS) Seasonal Chart
Invesco S&P MidCap 400 Pure Growth ETF (NYSE:RFG) Seasonal Chart
iShares MSCI All Country Asia ex Japan ETF (NASD:AAXJ) Seasonal Chart
Open Text Corp. (NASD:OTEX) Seasonal Chart
Hudson Pacific Properties Inc. (NYSE:HPP) Seasonal Chart
Silicon Laboratories, Inc. (NASD:SLAB) Seasonal Chart
Canadian Life Companies Split Corp. (TSE:LFE.TO) Seasonal Chart
USX-US Steel Group, Inc. (NYSE:X) Seasonal Chart
Charles Schwab Corp. (NYSE:SCHW) Seasonal Chart
The Markets
Stocks closed mixed on Tuesday as traders reacted to and braced for the onslaught of earnings scheduled to be released this week. The large-cap benchmark ended unchanged (0.0%), holding above recent short-term resistance at the 20-day moving average (~6680). The variable hurdle had kept the short-term trend off of the April lows intact. The 50-day moving average (6578) 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 trend of both the volatility index and the US Dollar remain positive, aligned with seasonal norms, as investors remain on edge, providing a headwind to contend with. The suggestion remains 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 (over the next couple of weeks), 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 to be exposed) is revealed.
Today, in our Market Outlook to subscribers, we discuss the following:
- The abrupt downfall of the precious metal trade on Tuesday
- Gold Miners over the commodity
- Palladium
- Canada Consumer Price Index (CPI) and the investment implications within
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Sentiment on Tuesday, as gauged by the put-call ratio, ended bullish at 0.78.
Seasonal charts of companies reporting earnings today:
S&P 500 Index
TSE Composite
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