RE:Oil is breaking out October started strong and then slid to new lows but managed to rally back toward the month’s end. As noted in “As Buybacks Return:”
“The Dow is on pace for its best month since 1976. It is also close to its best month since 1938. So far, the Dow is up four straight weeks (+14%) and is posting its biggest 4-week gain since April 2020. Despite dismal FANG earnings, the Nasdaq is ‘only’ up 5% on the month.”
https://www.zerohedge.com/markets/october-market-lows-and-end-bear-markets