It was one of the worst start of the year in the stock market history. The US market (S&P500) lost more than 5% and performed worse than the rest of the international  markets (VEU). Small Cap and Mid Cap (IJH and IJR) also finished month negative. Value outperformed Momentum. The commodity index finished month with over 11% growth. It was a difficult month for our strategies as well. Those using leverage assets got hit the most.

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It was a great month for the stock markets. The US market (S&P500) set new all-time-high ending October with over + 7% gain. The other markets (All World ex-US) also had a decent result at + 2.74%. Value, Momentum, Commodities, Small-Cap, Mid-Cap and the Real Estate are also finishing the month with a very good result.

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