By Park-Elm|
2023-11-01T17:04:37+00:00
November 1st, 2023|Markets|
- Despite strong economic growth, the market malaise continued, as mixed earnings results, surging Treasury yields, geopolitical tensions, as well as uncertainty surrounding the Fed’s future rate trajectory spooked U.S. equities, with the S&P 500® down 2% in October.
- Continued concerns around an impending recession were detrimental to the more domestically oriented S&P MidCap 400® and S&P SmallCap 600®, down 5% and 6%, respectively, underperforming their large-cap counterpart.
- Utilities was the sole sector to post a gain in October. Consistent with the risk-off sentiment observed within sectors, Low Volatility led among our reported factor indices.
- dashboard-us-2023-10
