While October was the month we had Black Tuesday in 1929, Black Monday in1987 and a big sell off in October 2008 post Lehman’s collapse, it generally ends the month up. 


Over the past 100 years the Dow and S&P have ended positive 62% of the time with an average gain of 0.4% but with heightened volatility. The JSE follows a similar pattern so we expect some increased volatility, which will give investors better buying opportunities as the market is down over 5% to the end of September. 


The top performers in September were Implats, Kumba, Lewis and Sun International. And the worst performers being Choppies, Aspen, Trustco and Blue Label. 


Investors should wait patiently to deploy capital into the market and buy the dips, traders should be buying the dips and shorting the rallies. 


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The week ahead: 


Other Economic data releases of interest… 



Short Term Ideas 


Long Term Ideas