Europe

The largest secession movement since Brexit and the biggest mass shooting in American history... buy stocks!!

Spain felt the pain...

Authored by Christoph Gisiger and Mark Dittli via Finanz Und Wirtschaft,

Howard Marks, Co-Chairman of the US investment firm Oaktree Capital warns that valuations in the financial markets are uncomfortably high and that investors are acting too complacent.

Authored by James Howard Kunstler via Kunstler.com,

Welcome to the witching month when America’s entropy-fueled death-wish expresses itself with as much Halloween jollity and merriment as the old Christmas spirit of yore.

While September and Q3 were the latest solid month for US risk assets, which ended the month and quarter at all time highs, across the globe returns were relatively more mixed for the sample of assets tracked by Deutsche Bank. That said, a large number of assets (21 of 39 in local currency terms) finished with a total return between -1% and +1% which in part reflects another month of incredibly low volatility with the VIX in particular spending much of it trading between 9.5 and 11.0.

Thanks to Goldman, Disney, and3M, The Dow has surged this morning, topping 22,500 for the first time as Nasdaq has suffered since Europe closed...

Nasdaq dipped red briefly..

It seems European markets closing prompted selling in Tech stocks...

It appears Europe's close also sparked a buying panic for value stocks...

And here's why...

A broken market fixes all ills.