World Money Flow: October Week 3, 2022

The following graphs depict percentages gained/lost world-wide for the third week of October for a variety of major world indices, sectors, commodities, currencies and banks.

US Major Indices

 

US Major Sectors

 

European Major Indices

 

Canada, Japan & Australia

 

EEM & BRICs

 

Agriculture & Commodities

 

Currencies, US Bonds, Bitcoin, XLF, EUFN & GXC

 

Major Banks

 

At a glance, traders favored:

  • high-risk versus low-risk assets (growth over value),
  • US markets versus Europe and Canada,
  • the Energy sector, particularly Brent Crude Oil,
  • Brazil and Russia,
  • Gasoline,
  • Silver, Platinum and Copper,
  • the Aussie and Canadian Dollars, and, to a lesser extent, the Euro and British Pound Sterling,
  • US and European Financial ETFs, and
  • major banks (perhaps bank buy-backs were heavily involved).

Losers for the week were:

  • US Bonds, 
  • the US Dollar, 
  • WTI Crude Oil, 
  • Agriculture, 
  • China, 
  • Australia, and
  • Japan.

 

As well as October's end-of-month focus for fund managers, important upcoming dates are: 

  • the US Fed meeting (interest rate announcement and press conference) on November 2, and
  • the US midterm elections on November 8.

Until the midterm elections are over and all results are fully tabulated and settled, markets may continue to experience volatile, wild whipsaw intraday swings, until we see clear signs of capitulation...as I've discussed in many recent posts.

In this regard, keep an eye on:

  • the US Dollar,
  • the Energy sector, 
  • the Technology sector,
  • the Discretionary sector,
  • world Financial sectors, and 
  • major banks 

for signs of continued risk appetite (e.g., Technology, Discretionary and major banks), or flights to safety (e.g., US Dollar and Energy).


More By This Author:

U.S. Bonds, Yields And Volatility Near Extreme Levels
BlackRock's Parabolic Plunge
S&P 500 Futures Index: A Clue To Capitulation

Disclaimer: All of my posts (and charts) contain solely my own technical analyses/opinions/observations (which may contain errors or omissions) of a variety of markets and are ...

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