Stock Markets Taper on High Valuations, Upcoming Election

Tuesday, October 22nd, 2024 Following a week or two of seemingly higher and higher all-time closing highs, we see something of a pullback in stock market activity in the first two trading days of this week. There aren't any concrete reasons behind this — no economic data or dire Q3 reports impacting market sentiment — but more a cautious foreboding of what may be to come. The possible explanations for this are manifold. High market valuations naturally bring about caution, and in two weeks we potentially co ...