For weeks, Wall Street has been on pins and needles, waiting for the Fed to release its interest rate decision for September. Now that we’ve cleared that hurdle, it’s time to look ahead and see what’s going to move the market next. In this special feature, I cover the dates and special events that all investors should add to their calendar. We have a busy few weeks ahead of us, so let’s get started.
September 26: Starting at 9:00 PM EST, Donald Trump and Hillary Clinton will go head-to-head in the first Presidential debate. We should have a better idea about who will likely be elected after this event. In my opinion, though, the stock market will prosper regardless of who is elected.
September 26-30: Historically, this is a period of quarter-end window dressing. This is when institutional investors prepare for the fourth quarter by buying the fundamentally strongest stocks. In my opinion, the last week of September is an excellent time to invest new money.
September 27: I’ll be speaking at the Minneapolis Airport Marriott in Bloomington, Minnesota on Tuesday, September 27 at 7 p.m. You may attend at no cost, but please call 800-454-1395 to register. I will review where investors can achieve the highest yields in both bonds and stocks, as well my current market outlook, favorite stock picks and have an extensive question and answer session.
September 29: The Commerce Department will release its third estimate for Q2 GDP. Gross Domestic Product shows the big picture. Annualized quarterly percent changes in GDP reflect the growth rate of total economic output. Depending on the results, this report can move the market up or down. The previous estimate for Q2 GDP reflected 1.1% growth.
October 10: The next earnings season will kick off with Alcoa Inc.‘s (AA) third-quarter report, which is scheduled for after the market closes on October 10.
October 19-21: I’ll be at The MoneyShow Dallas, which will be held at the Hyatt Regency Dallas. I’ll have several presentations at the show, covering the best ways to diversify and grow your portfolios. If you’re interested in attending, you may register for free at this link or by calling 800-970-4355.
November 1 & 2: The Federal Open Market Committee will meet for November. Personally, I don’t expect that the Fed will raise rates in 2016. If they do, it’ll likely be at the December meeting, and it’ll be a “one and done” deal.
If you’re looking to invest in this market, there are three windows that are coming up. The first is next week, when quarter-end window dressing picks up. The second is in mid-October, right before earnings season kicks off. The final time to invest is before Thanksgiving, because the market historically rallies through from Thanksgiving through year-end. I remain confident about the foundation under the stock market, but make sure to mark your calendar with the above dates, so that you’re prepared for any big market moves.