I hold a positive view on the stock market for Q4 because:
1. Seasonality is positive
2. Investors hold a fairly dim view of the economy
3. Investor sentiment has fallen back to neutral levels
5. Because of falling inflation, it reasonable to believe that interest rates will stabilise around current levels.
Problems may arise in H1 2024 if the economy falls into recession then, but it is too early to speculate on a recession in my view.
The geopolitical news this weekend does not change the above view. Israel-Palestinian conflicts this century have not been market relevant.
ABN Amro was sold; Mapfre bought.