October 2019 Review of Markets and Economy
Equity markets defied the historically negative month of October with equity indices moving higher despite ongoing trade dispute uncertainty and growing concerns of global economic headwinds.
Major domestic and international equity indices rose in sync as interest rates remained low worldwide, driving assets into stocks. Monetary policy that prompted rate cuts by central banks around the world are expected to provide stimulus and bolster global growth as the cost to borrow remains low.
Other highlights include:
- Social Security Payments Increasing by 1.6%
- Congress is currently considering increasing the RMD age to 72
- Market analysts are seeing a shift or rotation towards value from growth
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