Euclid Investment Advisory Blog

Monthly Update & Analysis at Close October 31, 2022

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Equities
The S&P 500 had its best month since July, despite disappointing earnings by big Tech stocks, elevated inflation, and a slowing economy. The market has hopes the Fed may slow the pace of interest rates in November and December.

Aside from the big Tech stocks, earnings have been relatively encouraging and smaller companies have been seeing positive sentiment. The S&P MidCap and S&P Small Cap Indices had gains of 11% and 12% respectively.

Major European Indices rose also while Emerging Markets and China posted losses.

Every S&P 500 sector rose, with Energy in the lead, followed by Industrials and Financials.

 

Fixed Income
US Treasury and Corporate bond yields rose as a result of Fed rate hikes; US fixed-income indices were negative.


Commodities
Currencies vs. US Dollar: Commodities posted gains, led by Oil and Livestock, with the exception of Precious Metals and Agriculture which had declines.

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