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FYI: The old investing proverb that markets like to climb a wall of worry was reaffirmed in dramatic fashion last month. Indeed, all the major asset classes posted gains in October. In fact, the latest installment of across-the-board increases marks the third time so far this year that the crowd bid up prices in everything in a calendar month. (January and June also posted gains in every primary slice of the global markets.)
Leading the way higher last month: emerging markets stocks. The MSCI Emerging Markets Index surged 4.2% in October, it’s best monthly advance since June.
Non-US markets generally stole the show last month. The top-five performances in October were found beyond America’s shores.
