Posted 10/27/2023, 8:09:37 PM
Investors Flee Stocks amid October Sell-Off, Worst Monthly Decline in 5 Years
- Stocks on track for worst October in 5 years as investors exit market amid volatility
- Surveys show money managers reducing equity exposure to lowest levels since 2022 bear market
- "Wall of worry" for stocks has turned into a "slope of hope" as dip buyers fail to emerge
- Bond volatility adding to equity skittishness as yields surge higher
- Contrarian view sees current gloom as positive sign, though Fed's hawkish stance still a concern
