October is on pace to be one of the worst months since 2010. The major averages have closed in correction territory, which is a 10% drawdown from recent highs. All of the 2018 gains have been given back at this point. The mid-term elections are next week and the markets may be trying to position themselves ahead of that. Rates have settled down lately but the Fed is still planning to raise rates. The trade war with China is still on the table as well. The combination of these issues have given investors concerns, which is the reason for the volatility. We are patiently waiting for a good entry point for our next trade.
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