An October to Forget?

November 02, 2018 | Nat Kellogg, CFA, President, Greg Leonberger, FSA, EA, MAAA, FCA, Partner, Director of Research

Stock markets around the globe “corrected” in October, experiencing a sudden and broad-based drop. The sell-off was somewhat unusual as there was no glaring fundamental event that triggered the market drop, but rather a confluence of events that all seemed to come to the forefront of investors’ minds simultaneously. These concerns, coming on the heels of a strong third quarter for stocks that left the market looking modestly overvalued, led to an unpleasant month of returns.

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