Each month our investment team provides a summary of stock markets around the world. We analyze what has happened, what we think will happen, and how best to position portfolios for their optimum risk-adjusted return.
October has form as a bad month for markets; most famously the Great Crash of 1929, Black Monday in 1987, and the banking crisis in 2008. While October 2023 wasn't so catastrophic, bonds and stocks fell sharply as yields jumped and the violence in the Middle East rattled market sentiment. Commodities were the only bright spot, as oil prices