October is looking to be a strong month for markets. Though dipping on Monday, the Dow Jones Industrial Average is on track to have its best month since 1976. And while some investors believe this rally is a sign that the Federal Reserve will stick a soft landing, Sandra Testani, vice president of ETF product and strategy for American Century Investments, said that it’s more likely that markets are experiencing a bear market rally, and that “we’re at that 60% likelihood that we will be in or are in a recession.”
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