FYI: The global markets entered last week with a message: “Do we have your attention now?” Whether it is rising rate and inflation pressure, corporate earnings concerns, the upcoming U.S. election, recognition of the massive buildup in corporate debt, or just bad memories of some past Octobers, what we have is the return of high market emotions.
So far, many investors have experienced a “Red October” after being comfortably in the black with S&P 500 Index funds, Nasdaq-infused portfolios and a general feeling that stock and bond prices were in no danger. All the while, as I reported here recently, the bond market has been in a bear cycle for over 2 years, but no one seemed to notice until recently. As is typical on Wall Street, now that a little shock and awe has occurred, everyone will notice it soon.
Regards,
Ted
https://www.forbes.com/sites/robisbitts2/2018/10/17/red-october-is-here/?ss=etfs-mutualfunds#1b12aba22fbe
