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Do you need to start worrying about an October 2021 stock market crash? Which are the stocks to buy for protection and upside potential? I’ll explain why stocks are falling now, which benefit from the trends and which stocks could drop further.
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The stock market was down last month, only the second time it’s happened this year and October is one of the worst for stock crashes. Even the optimists and long-term investors need to know why stocks are falling and which stocks to buy for protection.
The bad news is you can’t just go by the ‘conventional wisdom’ for safety stocks. Because rising rates are one of the factors in falling prices, traditional safe stocks in utilities and consumer staples are getting slammed. Gold is also getting hit on higher rates and a stronger dollar. You’ll have to look elsewhere for stock crash protection.
Interest rates are likely to continue rising with most economists forecasting 1.8% to 2% by the end of the year. That will hit tech and growth stocks but could benefit financials like banks and insurance companies. Rising energy prices are a more recent worry but could limit gains in stocks of materials and industrials companies while benefiting energy stocks. Finally China is the big wild card, forcing uncertainty on the market and casting doubt over economic growth.
We can look at stock sector performance over the last month to see which stocks could do better in October or if stock prices keep falling. Stocks in utilities, consumer staples, materials and industrials will likely continue to lag while those in energy, financials and consumer discretionary could outperform. It’s here that I would look for stocks to buy and it’s from these sectors that I’m revealing my three stock picks for October.
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0:00 Will Stocks Crash October 2021?
1:27 What are the Traditional Safety Stocks in a Stock Crash?
2:28 Why Stocks are Falling
5:50 Best and Worst Stock Sectors October 2021
6:31 Three Stocks to Buy for October 2021 Crash Protection
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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.