##{"id":88892,"date":"2020-09-25T10:58:39","date_gmt":"2020-09-25T00:58:39","guid":{"rendered":"https:\/\/www.fnarena.com\/?p=88892"},"modified":"2020-09-25T10:58:40","modified_gmt":"2020-09-25T00:58:40","slug":"next-week-at-a-glance-sep-28-oct-2-2020","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2020\/09\/25\/next-week-at-a-glance-sep-28-oct-2-2020\/","title":{"rendered":"Next Week At A Glance – Sep 28-Oct 2, 2020"},"content":{"rendered":"

For a more comprehensive preview of next week's events, please refer to "The Monday Report", published each Monday morning. For all economic data release dates, ex-div dates and times and other relevant information, please refer to the <\/em>FNArena Calendar<\/a>.<\/em><\/p>\n

With markets here and in the US in a state of flux we will thankfully bid goodbye to the historically worst month of the year next week and enter October. October is not, historically on an average basis, a bad month for stock markets, unlike September, it’s just that it has a rather bad reputation.<\/p>\n

The crashes of ’29 and ’87 occurred in October, as did the “mini-crash” of ’89. Wall Street peaked in October 2007 before beginning a slow-rolling crash culminating in the collapse of Lehman Bros in September 2008, which led into a shocking October.<\/p>\n

Perhaps the good news heading into this October – arguably a period worryingly set up for a crash in the circumstances – is that the S&P500 has already pulled back -10% from its September high. The crashes of ’29, ’87 and ’89 followed parabolic rallies, as did the Tech Wreck of 2000, but that began in March.<\/p>\n

Crashes come out of the blue, so the more investors fear a crash this month than has already been booked, the less likely it is to happen. Although that doesn’t mean it can’t.<\/p>\n

The US will see some interesting data points next week, including consumer confidence, the September manufacturing PMI, private sector jobs and non-farm payrolls, August PCE inflation and construction spending and factory orders. There will also be another revision of June quarter GDP, which will be redundant.<\/p>\n

Wednesday is manufacturing PMI day across the globe, except for China, which reports both manufacturing and services PMIs on the Tuesday.<\/p>\n

The only other data release of note in Australia next week, if the PMI is of any note, is August retail sales, but then we’ve already had a preliminary reading from the ABS.<\/p>\n

In the stock market, the ex-divs roll quietly on while the list of AGMs quietly begins to build.<\/p>\n

Find out why FNArena subscribers like the service so much: "Your Feedback (Thank You)<\/a>" – Warning this story contains unashamedly positive feedback on the service provided.<\/em><\/p>\n

FNArena is proud about its track record and past achievements: Ten Years On<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"