Beware of Octoberphobia

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The rotation/rebalance continued right into the end of September, but not without a few headline news algos running away with things. The first one was this: US Official: Israeli Troop Positioning Suggests That a Ground Incursion Into Lebanon Could Be Imminent. Number two was this tidbit from POWELL: FED DOESN'T FEEL LIKE IT'S IN A HURRY TO CUT QUICKLY. Or how about this one? The International Longshoremen’s Association, which represents some 47,000 port workers, has been unable to reach a deal, and it could have a $4 billion daily impact. These are just a few of the headlines, but they show how the markets are being bombarded.

Guess what? There are only 34 days until what could end up being one of the most contested presidential elections in history. I have no idea who's going to win or how the markets will react, but all of this feels like a small funnel cloud that could turn into a Florida-sized hurricane. I know... I'm always Mr. Doom, but I don't think so. I'm just putting out what I see, and it's not my fault that 90% of the news is bad. I'll try my best to write something positive for Wednesday, if I can find it.