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All Trick, No Treat
November 8, 2024 - As we pack away the skeletons and cobwebs until next year, we reflect back on what was a frightful month of October in financial markets. Investors were treated to another tumultuous month of stock market performance and a mixed bag of economic data. In a spate of ominous cooperation equites and bonds were broadly down for the month, leaving investors little room to hide. Despite establishing a new all-time high mid-month, the S&P 500 retreated through month end to finish -0.91% for October. Valuations and concentration have been ongoing topics of concern, especially within the S&P 500 index.