Well that was easy…

Video length: 00:02:44

When does this mouth snap shut?

Japan wins October… with only two down days all month (the first -0.4% and the 2nd last night -0.003%!)…NKY’s best month since Oct 2015

S&P, Dow, and Nasdaq’s best month since February, Trannies were the only major index red with Small Caps bouncing back green today…

This is the 7th straight monthly advance for the S&P 500 (and Dow) (Last 7 mth, May 2013. Last 8 mth, Jan 2007. Last 9, Mar 1983).. and 11th of the last 12 months up…

h/t @JohnKicklighter

Tech, Utes, and Financials outperformed in October… Retailers lagged…

FANG Stocks surged almost 8% in October – 2nd best month ever…

TSLA ended the month -3%… AMZN up 15%

Another ugly day for Under Armour… to the lowest since April 2013…

It was a big month for other assets too…

  • Dollar Index rose 1.7% in October – best month since Nov 2016
  • Bitcoin surged 52% in October to a new record high
  • 2Y Treasury yield rose 11bps in Oct, 2nd monthly rise in a row to highest monthly close since Sept 2008
  • TSY 5s30s curve flattened for 3rd month in a row to flattest monthly close since Oct 2007
  • WTI Crude’s highest monthly close since June 2015 (up 2 months in a row)
  • Gold’s first consecutive monthly drop since Dec 2016

    • Stocks bounced back from yesterday’s dip with Small Caps outperforming today and Nasdaq since Friday

    VIX hit a 9 handle early on… bounced… then was pushed back down a 9 handle in the last hour…before rising once again…

    Treasury yields were mixed today (long-end outperforming), echoing the month of October (2Y +11bps, 30Y +1bps)

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