For investors in US equities, October was a painful month. But at least we did not suffer alone - it was a brutal month for almost every asset class. Amid fear and panic selling, only gold posted a meaningfully positive return.
Trump showing no signs of backing down
The campaign fury in the build-up to the US mid-term elections may have been a factor in 'Red October', which saw the S&P 500 take a 10% intra-month hit.
Best approach even in inefficient markets
US infrastructure investment at a 70-year low
US Fed chairman, Jerome Powell, recently described the conventional approach to setting US interest rates as "navigating by the stars".