Markets were down in October across the board, with stocks falling at month-end. Bonds also dropped as traders dialed back expectations for Fed rate cuts. This pullback was largely due to signs of surprisingly strong economic growth, as solid hiring and rising confidence drove consumer spending growth.
While the economic and earnings news was positive, there are still political risks in the headlines. Will the uncertainty around the U.S. election rattle markets in November? Stay tuned to my latest Market Thoughts video to find out.