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International Market Review & Outlook October 2012

Volatility returned to the equity markets in October, with many indices falling 3-4% from their September/October double-top highs. The VIX volatility index increased 37% from a low of 13.7 to as high as 18.8 before settling slightly lower at 18.6. US markets suffered disproportionately, with the S&P500 losing -2%, as its relative valuation vis-a-vis the rest of the world became over-extended. However, most markets pared their losses by the end of the month, with global market in particular ending higher.

Click here for full October Report of the Global Economic Overview.
 

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