By Matthew Theal, CFP®
October, as is usually the case historically, was a rough month for stock markets across the world. The S&P 500 declined a little over 9% at its worst point.
Who knows what the real reason is? Rising interest rates? Maybe. Concerns regarding the election? Plausible. The point is nobody knows.
But for some reason, whenever stock markets start to drop, people freak out. After 10-plus years in the industry, it baffles me to this day.