Art Cashin on markets: It looks like the last quarter is going to be good

06.10.2017 / 04:22

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U.S. stocks kicked off the fourth quarter on a high note and it looks like they will perform well for the rest of the quarter.

Cashin said a number of things are at play, including "new money" coming into the market for the new quarter and the market's determination that the Las Vegas shooting was probably a lone-wolf situation.

Plus, when the market hits highs in September, which is statistically the market's worst-performing month, stocks typically finish the year just fine.

"You put most of that stuff together and some of the old favorites rallying here, we're up at record highs again, and it looks like the last quarter is going to be good," Cashin told."

Source: Bloomberg Pro Terminal

Junior Trader Stefan Panteleev

Varchev Traders

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Art Cashin on markets: It looks like the last quarter is going to be good

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