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
On September 9, Apple unveiled its first foldable smartphone, the iPhone Duo. Citi analysts called it Apple's biggest new device category since the Apple Watch and AirPods.
↗️ How the market reacted. In the three weeks since the announcement, AAPL has gained about 5% and is trading around $330, not far from its all-time high. According to Bank of America, the stock has risen in the two months following a new iPhone launch 17 times since the original iPhone.
🤔 The next test. The iPhone Duo goes on sale October 23, and that's when real demand will become clear.
💰 How to invest in Apple without a brokerage account. In Walt, you can buy AAPLx, a tokenized stock. The token tracks Apple's share price, and you can trade it 24/7 from $1. When Apple pays dividends, AAPLx holders receive additional tokens proportionally to their holdings.
iPhone Duo pre-orders open October 16. AAPLx is available in Walt now 👇
Investments in crypto are risky. This communication is not intended for persons in the United Kingdom. Tokenized stocks and ETFs do not provide shareholder rights and may not be available in certain regions.
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