Fear fades into November's strength while Bitcoin leans on October
Stocks start the week after a sharp Friday drop, Bitcoin rallies in its strongest month, and heating fuel bills bite just as the heating season begins.
Seasonal windowsOct 19
Nasdaq's October slump meets a seasonally stronger November ahead
26,140.03Nasdaq, -2.15% on the day
Seasonal windowsOct 19
Bitcoin's strongest month is lifting after China's data surprise
81,382.15Bitcoin, -0.15% on the day
Supply shocksOct 19
Heating oil enters its season with prices far above last year
4.8991Heating oil, +1.10% on the day
Markets in this brief
| Market | Last | Day | 1 month | Year to date | Oct average | Oct pattern |
|---|---|---|---|---|---|---|
| Nasdaq Composite | 26,140.03 | -2.15% | +0.62% | +12.47% | +0.77% | no clear pattern |
| S&P 500 | 7,659.44 | -1.09% | +1.43% | +11.89% | +0.55% | no clear pattern |
| Bitcoin | 81,382.15 | -0.15% | +6.52% | -7.00% | +16.63% | weak |
| Heating oil (ULSD) | 4.8991 | +1.10% | -6.62% | +124.45% | -0.37% | no clear pattern |
Sources (4)
- Bitcoin jumped to $82,500 and Asian stocks and Nasdaq futures rose as China GDP beat estimates and oil prices fell. CoinDesk, Oct 19
- China's economy grew 4.5% in the third quarter, up from the previous period, as the AI boom helped boost exports. BBC, Oct 19
- Wall Street's fear gauge, the VIX index, spiked on Friday as stocks dropped. History says Friday panics usually fade on Monday. CoinDesk, Oct 18
- Heating fuel costs have risen by up to 82% since the start of the conflict, according to the UK energy consumers minister. One household paid about £340 for 500 litres a year ago and now faces just over £600 for the same amount. BBC, Oct 18
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