News18 October 2022

Will we see a financial meltdown this October?

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Over the past few decades, October's most significant financial crashes have been. Will it happen again in 2022?

Both stock and cryptocurrency markets have been actively falling since the beginning of the year. However, the more volatile digital asset market has suffered more than technology stocks.

But on the other hand, we've often seen that when the world is sharply heated, and stocks fall hard, crypto, on the other hand, manages to rise.

"October is always a scary month for markets, especially if we are in the midst of a recession (high probability). The typical October collapse will happen this time too...," Global Macro Investor CEO Raul Pal.

Analyst Josh Rager said the current market sluggishness reminds him of September 2018, just before "the market went boomy and nuclear" (in a good way).

And don't despair. Big excitement leads to significant changes. In our case, it's a good time to pump up resources before the bull run.

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