Equity Markets: October and Market Worries

equity markets: Wells Fargo Investment Institute Caption outside of wrapper for normal article images October certainly got off to a rocky start, according to Market Watch. The S&P 500 SPX, 0.80% gave up early gains Tuesday after a weaker-than-expected reading on manufacturing activity to end 1.2% lower, while the Dow Jones Industrial Average DJIA, 0.47% shed 1.3%, wiping out their gains for the third quarter. As shown in the chart below from Wells Fargo Investment Institute, which tracks the standard deviation of daily returns of the S&P 500 index SPX, 0.80% dating back to 1928, October has historically been the most volatile month for U.S. equity markets. This year, October offers more than its fair share of market worries, wrote Tracie McMillion, head of global asset allocation strategy at Wells Fargo Investment Institute. Read Blackstone's billionaire co-founder says investors should worry about these 5 market dilemmas U.S.-China trade talks will continue in mid-October, the Federal Reserve meets again in late October, and the U.K. will face an end-of-the month deadline that could see it exit the European Union without a withdrawal agreement, she noted. That includes weighing a number of potential geopolitical flash points and trade talks against a backdrop of weakening U.S. consumer confidence and slowing global economic growth, McMillion said. (news.financializer.com). As reported in the news.