OCTOBER PREVIEW-BEWARE OF VOLATILITY?
October 2017 ushers in shorter days and cooler weather, but the global bull market shows few signs of slowing down. The S&P 500 Index logged another gain last month, marking 6 consecutive monthly gains on a price basis and 11 in a row on a total return basis (including dividends). Incredibly, the S&P 500 has now finished green eight quarters in a row for only the fifth time ever. The global economy continues to expand, supporting the equity gains, but October is notorious for some of the largest moves in market history. Since 1950*, no month has sported more 1% daily changes than October. With earnings season starting, the initial third quarter gross domestic product (GDP) reading, an election in Japan, and both the European Central Bank (ECB) and Bank of Japan (BOJ) meeting, we could be in store for some future volatility.
To help, we’ve created this guide that looks at key events that are set to take place this October.
View the full weekly market commentary here.
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