US stocks (^DJI, ^IXIC, ^GSPC) are largely flat in Monday’s morning trading despite rallying on September’s jobs report last Friday. BTIG managing director and chief market technician Jonathan Krinsky sits down with the Catalysts team to discuss the momentum trade behind market indexes and select sectors. "Even in election years when October finishes green, there is almost always some sort of Intra month drawdown. And we did have a little bit early last week," Krinsky says. "But, I think, we should expect a bit more than what we saw last week. So that’s still our base case, but the fact that the bulls did hold the line, that 5,670 level [for the S&P 500] was the prior highs back this summer. We held above that…" Krinsky also weighs in on the trajectory for the tech sector and small-cap stocks. For more expert insight and the latest market action, click here to watch this full episode of Catalysts.
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