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Stocks Show Vigor As November Begins

FS Insight Team

“I’ve found you’ve got to look back at the old things and see them in a new light.” ~ John Coltrane

Good evening,

October 2023 was painful, but it ended with markets swinging upwards. We began the week down around 5%, but by October 31, equities investors had received a much-needed Halloween “treat,” as stocks erased more than half of those losses. Still, October ended on Tuesday with the S&P 500 down 2.2%. 

Wednesday was a busy day for macroeconomic data, featuring the FOMC meeting as well as the release of the Treasury’s quarterly refunding plan. The central bank kept the...
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