I hope you followed my advice and stayed in the market last month.
If not, I hope after you see what I have for you today that you'll get back in.
As we've talked about in several recent conversations, I live by the credo "always have some money invested in tech stocks" – no matter how much "noise" you hear out of Wall Street and Washington.
Otherwise, you'll miss opportunities to buy winning stocks when they are "on sale." Worse, you'll miss taking a big profit from the rebound.
And brand-new market data from Lipper proves this.
The S&P 500 Index rose 8.7% last month. That makes October the single best month for the broad market since October 2011, when the S&P 500 rose 10.9%.
And this all happened in the face of Wall Street's fears about everything from a rising dollar to China's slowing growth to the possibility that the U.S. Federal Reserve will raise interest rates by the end of the year.
With that in mind, today I want to review some historic economic numbers.
And then I'll show you why you should be bullish about tech investing for the rest of 2015…
Wall Street Spooks Itself
If you've been following the financial news, you've seen the confusion and fearful misinformation out there regarding the market and the likelihood of an enormous October decline.
Indeed, long before Halloween rolled around, I had lost count of the number of "stories" suggesting we might see a stock market crash by the end of that month.
It was almost as if every mainstream pundit felt the need to write their own economic "Tales from the Crypt."
Here's a perfect example of just what I'm talking about. On Oct. 6, the online journal ETF Daily News carried this teaser headline: "Stock Market Crash October 2015? 9 of the 16 Largest Crashes in History Have Come This Month."
The article hedged its hysteria a bit by pointing out that the data didn't ensure we'd see the market plummet. But its general thesis was still: "We should all be on alert."
Just the opposite occurred. Through Nov. 5, the S&P 500 was up more than 2% for the year. While those aren't stellar profits, it's far from a crash.
And what we should "be on alert" for isn't a crash – but tech stock "Buy" opportunities.
Because without drawing significant media attention, tech stocks have managed to crush the broader market.
The tech-centric Nasdaq Composite Index had gained 8.3% this year – more than four times the S&P 500's return over the period.
With that in mind, I want to look at key economic data that helped drive the market higher and why I believe these factors constitute an "unstoppable trend" that will be good for tech investors at least through the end of this year.
Looking Good at Home and Abroad
About the Author
Michael A. Robinson is a 35-year Silicon Valley veteran and one of the top technology financial analysts working today. He regularly delivers winning trade recommendations to the Members of his monthly tech investing newsletter, Nova-X Report, and small-cap tech service, Radical Technology Profits. In the past two years alone, his subscribers have seen over 100 double- and triple-digit gains from his recommendations.
As a consultant, senior adviser, and board member for Silicon Valley venture capital firms, Michael enjoys privileged access to pioneering CEOs and high-profile industry insiders. In fact, he was one of five people involved in early meetings for the $160 billion "cloud" computing phenomenon. And he was there as Lee Iacocca and Roger Smith, the CEOs of Chrysler and GM, led the robotics revolution that saved the U.S. automotive industry.
In addition to being a regular guest and panelist on CNBC and Fox Business Network, Michael is also a Pulitzer Prize-nominated writer and reporter. His first book, "Overdrawn: The Bailout of American Savings" warned people about the coming financial collapse - years before "bailout" became a household word.
You can follow Michael's tech insight and product updates for free with his Strategic Tech Investor newsletter.