ETF Asset Report for October: S&P 500 & Treasuries Top
@ETF Tracker：
After a downbeat September, October, too, remained depressed for Wall Street. High oil and gas prices, still-high inflation, and the Fed’s policy tightening spree, along with the resultant rise in bond yields, kept the market volatile.The S&P 500, the Dow Jones and the Nasdaq have lost 2.8%, 1.5% and 3.9% in the past month (as of October 30, 2023) due to rising rate worries. U.S. benchmark treasury yield started the month at 4.69%, reached a high of 4.98% on Oct 19 and was at 4.88% on Oct 30. Apart from higher rates, there was heightened geopolitical crisis due to the war between Israel and the Gaza-based militant group Hamas. This has sent oil prices higher.Meanwhile, the U.S. GDP data for Q3 came in upbeat. The United States witnessed substantial economic growth in the third quarter
