Crash? What crash?

October is often said to be a month of stockmarket crashes. But that's not true for this year, says Max King. A host of positive triggers are lining up for equities, says Max King.

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(Image credit: © Michael M. Santiago/Getty Images)

In popular folklore, October is the month of stockmarket crashes. That was true in 1987, when markets fell by a third in under a week, and in 1929, when the Wall Street crash marked the onset of the Great Depression.

But Yardeni Research reminds us that that is a myth. Statistically, September is the worst month for stocks and October only the seventh worst since 1950.

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Max King
Investment Writer

Max has an Economics degree from the University of Cambridge and is a chartered accountant. He worked at Investec Asset Management for 12 years, managing multi-asset funds investing in internally and externally managed funds, including investment trusts. This included a fund of investment trusts which grew to £120m+. Max has managed ten investment trusts (winning many awards) and sat on the boards of three trusts – two directorships are still active.

After 39 years in financial services, including 30 as a professional fund manager, Max took semi-retirement in 2017. Max has been a MoneyWeek columnist since 2016 writing about investment funds and more generally on markets online, plus occasional opinion pieces. He also writes for the Investment Trust Handbook each year and has contributed to The Daily Telegraph and other publications. See here for details of current investments held by Max.