Buyback Blackout Window Nears the End

(10/20/22) The end of October brings the end of the current buyback blackout window, as earnings continue to come in, fast and furiously. Stocks are set to trade upwards this morning as the markets maintain a bullish trend. Interestingly, while markets were setting new lows, divergent indicators weren't, which is a bullish sign. Markets still need to break above 3,800. As we approach month's end and the close of the stock buyback blackout window, that should provide a bid to stocks, and any resulting rally is where you're going to want to sell and take some profits. Market trend is still negative, and as we move into year-end, and the Fed's rate hikes start to take a bite, corporate earnings and corporate profits will be negatively impacted.
Hosted by RIA Advisors' Chief Investment Strategist, Lance Roberts, CIO
Produced by Brent Clanton
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