Well that was easy…
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)
With the yield curve starting to re-accelerate flatter…
The Dollar Index surge in October but has fallen the last 3 days…
Driven by slump in CAD (offset by strength in CNY)…
Bitcoin hit a new record high today after news of a Bitcoin Futures contract broke…
Copper and Crude ended October up 5.3% – oddly the same – with silver and gold stuck at the flatline…
Just one last thing… While US equity markets had a big October run… all the major US equity indices implied vols rose on the month… led by Small Caps…
And remember – October was all about China…
via http://ift.tt/2z7zhdX Tyler Durden