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Goldman Sachs says the market is about to get wild in October

• https://www.cnbc.com by Yun Li

Big price swings have been seen in each major stock benchmark and sector over the past 30 years, with tech and health care being the most volatile groups, Goldman said.

"We believe high October volatility is more than just a coincidence. We believe it is a critical period for many investors and companies that manage performance to calendar year-end," Marshall said.

For investors taking a breather from the chaos in August, buckle up as the market is about to go crazy again, Goldman Sachs warned.

Wall Street is now inches away from reclaiming its record highs, but a rockier ride could be around the corner as stock volatility has been 25% higher in October on average since 1928, according to Goldman. Big price swings have been seen in each major stock benchmark and sector in October over the past 30 years, with technology and health care being the most volatile groups, Goldman said.

"We believe high October volatility is more than just a coincidence," John Marshall, equity derivatives strategist at Goldman, said in a note Friday. "We believe it is a critical period for many investors and companies that manage performance to calendar year-end."

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