E TalkMarkets Tuesday Talk: Say "Some Stock Markets Seesaw On Somewhat Stormy Seas Sometimes"

Good Morning. With just under two weeks to go till Election Day, the daily action in the stock market continues to seesaw back and forth while maintaining its upward trend, as reflected in the daily and monthly charts below.

Monday Activity - October 19 

Monthly Activity - Sept. 19 thru Oct. 19  

Charts: The New York Times

Following this pattern Market futures are rising this morning. S&P 500 futures are currently at 3,445, up .64%, Dow futures at 28,252 up .54% and Nasdaq 100 futures at 11,727 up .66%. Stocks in Asia closed the day mixed with the Shanghai Composite ending up and the Nikkei closing down. Currently markets in Europe are trading mixed.

TalkMarkets contributor David Templeton starts us off by taking a look at the performance of dividend ETFs over the course of the year in Dividend Paying Strategies Have Lagged This Year, Now An Opportunity?, noting that on a year to date basis, they were among the weaker performers in the market, but since the March 23, low have been keeping pace with the recovery in the broader market, and like value stocks, may provide good investment opportunity at this time. Make note of his comments and graphs below:

"The iShares Select Dividend ETF (DVY), the SPDR Dividend ETF (SDY), and the Proshares S&P 500 Dividend Aristocrats ETF (NOBL) were some of the weakest performing large-cap equity categories. The second chart below shows the dividend-paying categories have kept pace with the broader market since bottom in March."

Templeton adds: "As a note of caution, chasing yield in and of itself can be a recipe that leads to underperformance."

Seth Golden writing in a TalkMarkets exclusive, The Ebbs And Flows Of Markets Can Prove To Discombobulate Investors: Stay True To The Course, does a good job of helping to navigate current market seas. He offers the following key considerations with regard to Q4 2020.

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