The Bulls Roar Some More; Despite The Cockroaches Lurking….

Well, October is living up to its status as the most volatile month of the year as markets reach new highs, despite signs cockroaches are hiding in the woodwork from rising private credit risks, liquidity concerns, and rising delinquencies especially in US credit cards. The Global MSCI Index reach another high, up 1.78% across the week, while the STOXX 600 in Europe rose another 1.68% while the ASX 200 came off slightly having also touched new highs this week. The S&P 500 also closed higher on Friday. Expectations of further policy easing and upbeat corporate earnings are playing into the […]