Are the markets really reacting to the FBI’s news that they’re looking at more emails tied to former Secretary of State Hillary Clinton? Whatever you might think is moving the markets, it seems that it’s not just equities that are slumping.
Every asset class we track, albeit cash, took a dive in the month of October. Whether it’s the combination of jigsaw energy markets, a potential “hard Brexit” pushing currencies lower, or everyone sitting on needles waiting for the Fed to make another decision about raising interest rates, there was enough volatility to push markets lower on the month.
It’s eerie how close stocks, bonds, and the real estate markets are in their YTD numbers. Meanwhile, managed futures entered negative territory for the second time in 2016 as managers were unable to capture markets that seem to be stuck in a range [Past performance is not necessarily indicative of future…