Bull Run! ?

Hello everyone! Welcome to the November 2022 edition of the boodle blog. We appreciate you and hope that you enjoy this valuable content that we offer to everyone who wants to understand how the stock market works.
Before we get to the main subject of this month's blog, let's take a look at October's return and year to date results.
The month of October was the best October in the market since 1976, according to marketwatch.com. The DOW added an astonishing 11.57% and the S&P 500 gained 6.08%. The tech-heavy NASDAQ added 2.41% for the month. Year to date, the Dow, S&P 500 and NASDAQ are down 10.41%, 19.48%, and 30.77% respectively. Those year-to-date numbers affirm our view that 2022 will go down as a bear market (see the October blog).
So that's where we are, but where are we going? Boodle does fundamental research on the markets and the economy. This research led us to conclude late last month, that the conditions are now in place for a significant turnaround in the direction of the stock market. It is our opinion that we will see the market, as measured by the S&P 500 challenge the 4800 level and possibly the 5000 level on the S&P 500. We have instructed our subscribers to place all reserve cash into the market and choose the funds that they currently have.
The market has tested the bottom at the 3666.77 level and retested it again in September. This will not be a straight shot up, but a steady grind up. Another sign that we took note of is the negative sentiment in the market and in the economy. These indicators have given boodle the contrarian move that we have been patiently waiting to see for months.
People are upset over inflation, crime, high taxes, and rising rates. The voting public will get to weigh in on the economy on election day, November 8. Boodle believes that the probability is high that the Democrats will lose the house, and a slim chance that they will lose the Senate.
If this scenario plays out as we just stated, then this will help solidify our view of the change in the market from a Bear to a Bull. Keep in mind that we will have pullbacks, false alarms, and economic shocks...be prepared. Boodle expects our bullish view on the market to remain intact for at least the next six months, or so. We will continue to monitor the economy and the market right here, so keep following boodle for financial news that helps you manage and grow your money for the long term. Have a Happy Thanksgiving, and we will see you back here next month!