US equity markets shook off a rough patch to finish October in the black. Also, third quarter end market results also showing similar gains after recovering nicely from Brexit, The Dow Jones Industrial Average was up 2.1% while the S&P was up .8%. Small caps were also up in the quarter with the tech laden Nasdaq up 0.8%.
The ten year Treasury finished at 1.61%. Crude oil settled in at $48.24 / barrel and gold ended at $1,313/oz. The dollar bought 101.34 yen while the euro cost $1.12, both strengthening further against the dollar. The UK pound closed at $1.29 up slightly against the dollar.
For the third quarter, the Dow Jones Industrial Average was up 2.1% and the S&P 500 up 0.8%. The Nasdaq was also up 0.8%. .
The results indicate the Brexit was not sustainable and fears of a financial meltdown are premature. The stock markets seem to be saying recession is still a few quarters out.
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