The latest American Association of Individual Investors survey shows that Bullish consensus has fallen from last week's level at 45.5% to this week reading of 37.7%.

Inflation has re-emerged on Wallstreet and interest rates have been ticking higher in recent sessions. Some investors have concerns that perhaps the Fed had acted prematurely in lowering interest rates recently. 

The stock market does not seem to be reflecting hesitation or trepidation ahead of the elections just two weeks away. 

With the Dow S&P 500 and S&P 400 Mid Cap Index at or near their respective highs, some investors may be suffering from a case of acrophobia. 

Gene discusses the month of October and it's expansive trading swings.

Gene talks more about the bullish characteristics in this market that have been responsible for its durability and elasticity. 

The Dow Jones Industrial average setting another new record high. Finishing above 42,800.

Some big banks are reporting this morning and others next week. The bank earnings that have come in this morning have been received positively by investors. 

Yesterday's decline was not unique to the month of October or for that matter the period between August and October which historically presents technical headwinds for the market. 

Gene comments about the bullish underlining technical foundation of this market, particularly going into the month October.