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Markets & Economy

The Economy: October 2016

THE ECONOMY: As of October 2016

It was a relatively weak month for equities in October, as investors pared back risk in their portfolios in preperation for the U.S. Presidential elections next month. The S&P 500 was down 1.82 percent, and the small cap Russell 2000 lost 4.75 percent. Despite the poor performance, the early read on corporate earnings looks positive, with a majority of companies beating expectations. Emerging markets did net a small gain, up 0.24 percent for the month.