The month of October saw the equity markets perform well with the Dow Jones Industrial Average having its best monthly gain since January 1975. Driving market strength was the combination of optimism that the Federal Reserve (Fed) may slow its pace of rate hikes and third quarter earnings season has not been as bad as investors feared. Looking forward, we continue to believe markets will take their cue from the Fed and corporate earnings.
This commentary is published by Cetera Investment Management LLC, an SEC registered adviser owned by Cetera Financial Group. Cetera Investment Management provides market perspectives, portfolio guidance, model management, and other investment advice to its affiliated broker-dealers, dually registered broker-dealers and registered investment advisers.
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