What does Halloween have to do with exchange traded funds (ETFs)?
Traditionally a Gaelic festival known as Samhain, the festival is a celebration of the harvest season in Gaelic culture. The ancient Gaels believed that the boundaries of the living world and the deceased overlapped on Oct. 31, and the dead would come back to life for the night. On this Halloween, possibly those ETFs that are down with the dead will get the urge to come back and haunt us? Perhaps investors of the world will be delighted with monstrous returns and not ghoulish figures.
So what about the Federal Reserve’s meeting today to discuss interest rates and maybe another cut? It’s kind of like trick-or-treating adult-style. Have a safe and Happy Halloween!
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.