Stocks Show Vigor As November Begins
Nov 3, 2023
• 5
Min Read
“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 ...