“October Surprises” Can Come Early and Often

I am expecting upbeat guidance from Jamie Dimon and other banking leaders.

Sen. JD Vance (L) and Minnesota Gov. Tim Walz (R) shake hands at the start of the vice presidential debate at the CBS Broadcast Center in New York, on Oct. 1, 2024. Charly Triballeau/AFP via Getty Images

Commentary

We were only about ten days into October, but the first four days were already filled with surprises. First, The Longshoreman’s Union and their 25,000 members walked off the job on October 1st, but another surprise came when they ended the strike on Thursday after only three days – but it’s not really over. They only extended their current contract until January 15th, agreeing to a tentative six-year 61.5% pay increase.