Picking up where September left off, October was characterized by a higher level of volatility.
Equity markets sold off during mid-month, but ended the October on a strong note.
Fears of a global slowdown and the end of the U.S. Federal Reserve’s quantitative easing (QE) program were offset by good economic data and an expanded QE effort by the Bank of Japan and, possibly soon, the European Central Bank.
Both the S&P 500 and Dow finished at record highs on the last day of the month.
Emerging markets recovered from their selloff in September by being up about 1%.
Subscribe to our once-weekly email newsletter and get the best posts delivered to you in one convenient place, to browse at your leisure://
DISCLAIMER: The investments discussed are held in client accounts as of October 31, 2014. These investments may or may not be currently held in client accounts. The reader should not assume that any investments identified were or will be profitable or that any investment recommendations or investment decisions we make in the future will be profitable. Past performance is no guarantee of future results.
The post How the Bank of Japan rescued global stocks appeared first on Smarter InvestingCovestor Ltd. is a registered investment advisor. Covestor licenses investment strategies from its Model Managers to establish investment models. The commentary here is provided as general and impersonal information and should not be construed as recommendations or advice. Information from Model Managers and third-party sources deemed to be reliable but not guaranteed. Past performance is no guarantee of future results. Transaction histories for Covestor models available upon request. Additional important disclosures available at http://site.covestor.com/help/disclosures.