Despite Bumpy Ride For Markets, Economy Chugs Along

As November begins, it’s a good time to take stock of what happened in the markets in October. Unfortunately, the news was not positive. We saw pullbacks across the board, with interest rates continuing to edge up. The U.S. indices declined for the third month in a row in October, by around 2 percent, with the Nasdaq performing the worst. International markets also dropped, by around 3 percent for both developed and emerging markets. Even fixed income was down for the second month in a row.

So, will this bumpy ride continue, and what does it mean for the economy? Let’s take a closer look.