Review of markets over October 2018

Also Interesting

• Has the selloff left scars on stock-pickers &trend-followers?
• Smart Sustainability: 2020 global survey findings from asset owners
• Market Flash: Low-Volatility Records

Market insights

Market volatility returned in October. The S&P 500 moved up or down by more than 1% in a single day on ten occasions last month – two more times than in the whole of 2017. What is more curious is that there was no clear catalyst for the movements in broader asset markets. Economic fundamentals remain strong, with unemployment globally continuing to fall. The third-quarter earnings season got off to a good start, particularly in the US, where over 85% of companies that have reported thus far have beaten earnings-per-share estimates.