Shocktober Is Over – Global Stocks Lose $8 Trillion, Most Since Lehman


October’s Carnage at-a-glance…

  • Nasdaq 100 worst month since Oct 2008
  • S&P worst month since Feb 2009 (lowest monthly close since April)
  • FANG stocks crashed 21% in October – the biggest monthly drop on record
  • Semis plunged almost 15%, the biggest monthly drop since Nov 2008
  • “Most Shorted” stocks down 13.8% in October – worst month since Jan 2016 (or best for shorts)
  • S&P Financials dropped over 7% in October – worst month since Jan 2016
  • GSIBs (Global Systemically Important Banks) dropped over 10% in October, worst month since June 2016 (Brexit)
  • China worst month since Jan 2016
  • European stocks worst month since Jan 2016
  • Hedge Funds were hammered as Goldman’s VIP Basket plummeted 11.5% in October – its biggest drop ever.
  • Stocks and Bonds both fell on the month (first time since Feb 2018)
  • This is the worst October for Junk bonds since 2008 (HYG saw record volume in October)
  • USD’s biggest monthly gain since Nov 2016 (Trump election)
  • USD and Gold both rallied for first month since Feb 2017
  • Gold’s biggest monthly gain against Yuan since June 2016
  • Oil’s worst month since July 2016


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