With an unusual December, market worries continue to pile up. Learn what to do in a bear market here.
October lived up to its billing as the “worst month,” with the global MSCI All-Country World Index falling 7.5%, leaving the index down 4% for the year. US stocks, which had held up amid weakness abroad, fell 6.8% in October. Bonds, which usually zig when stocks zag, also saw selling pressure as interest rates rose.
The sharp 10% correction in stocks earlier in the year seems like a distant memory. Domestic equity markets regained new highs in the third quarter as the ongoing narratives surrounding shaky emerging markets, never-ending Brexit negotiations, rising interest rates, and trade tensions failed to dent confidence.