U.S. equities zigzagged throughout October as uncertainty surrounding the election and a second stimulus package instilled volatility.
Global developed market equities declined in October as earnings became more of a concern among companies throughout various industries. In the U.S., the S&P 500 Index dropped the most ever for the week leading up to a presidential election. Emerging market equities faired better than developed markets in October, as a weakening U.S. dollar helped buoy emerging market currencies and stocks.
Growth, momentum, and quality factors of the S&P 500 Index led markets up until October when a reverse occurred, shifting focus back to higher beta, more volatile stocks. Analysts believe that election results may eventually offer a fiscal stimulus program that may help reignite some economic expansion.
Sources: Bloomberg, Standard & Poors
PlanRock offers financial planning tools, investment portfolios, various levels of advice, and full-service support. Please contact 800-677 6025 or go to www.PlanRock.com for more information about how we can help you reach your goals.
© PlanRock Investments, LLC. The content above is available for use only by authorized subscribers, clients and where permissible as such. This content is not authorized for resale. Past performance does not guarantee future results. The sources we use are believed to be reliable, but their accuracy is not guaranteed.