September was a busy month: the Fed's first rate hike in three years, the CLARITY Act falling short, and BTC hitting its highest levels in months.
October looks just as interesting. According to Carson Group, in US midterm election years October has been the best month for the S&P 500: the index gained 3% on average and rose 73.7% of the time.
How this October plays out will depend on the month's events. Here are the key dates.
📄 Data ahead of the Fed
The US jobs report comes out today, followed by inflation data on October 14. These are exactly the numbers the Fed will be watching before its next decision.
👤 TOKEN2049
On October 7–8, one of the world's largest crypto conferences takes place in Singapore. Events like this are often where projects make big announcements: product launches, partnerships, updates.
➡️ Rate decision
In September, the Fed raised rates to 3.75–4%, and its next meeting takes place on October 28. Higher rates can put more pressure on risk assets, including crypto and stocks.. Higher rates can put more pressure on risk assets, including crypto and stocks.
📈 Earnings season
In October, Tesla, Apple, Microsoft, Alphabet, Amazon and other giants will report Q3 results, and the market will be watching every number. Their tokenized stocks, along with S&P 500 and Nasdaq funds, are already in Walt, so you can follow the market's reaction and trade from $1.
Will BTC break $100,000 in October?
🔥 - yes
🦄 - no
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