October is over, and what a month it was. Earnings season is in full swing, with Big Tech reporting last week, with record AI investments to booming cloud results 🚀
The Fed delivered another rate cut, keeping optimism high and pushing indexes to fresh all-time highs. 📈
How did our portfolios perform this month? Which stocks performed best — and what moves did we make? Check out our full October recap below 👇
📢 Next Monday or Tuesday we’re dropping our Best Buys for November — keep an eye on your inbox, you don’t want to miss these! 🚀
What Moved the Markets in October?
October was another standout month for the markets — with all three major indexes hitting new all-time highs 📈. Strong earnings, renewed AI excitement, and another rate cut from the Fed kept momentum going across the board.
The Fed lowered interest rates for the second time this year, to 3.75%–4.00%. A third cut in December is still uncertain, as policymakers continue to weigh inflation data and the overall strength of the economy.
Gold had quite a ride this month. Around mid-October, prices shot up to a record $4,300 per ounce before dropping back below $4,000 toward the end of the month. It’s a perfect example of how quickly markets are switching between risk and safety.
In the tech sector, there were major milestones to celebrate. Nvidia became the first company ever valued above $5 trillion, after a successful GTC event packed with new AI partnerships. Microsoft and Apple both reached the $4 trillion mark for the first time — showing how dominant the biggest names in tech have become.
OpenAI also grabbed attention this month with the launch of ChatGPT Atlas — a new AI browser that blends search and reasoning in real time. Companies like PayPal, Broadcom, and AMD quickly announced new partnerships with OpenAI, highlighting how rapidly AI is being adopted across the industry.
And as Big Tech reported earnings last week, one thing stood out: the AI boom is only just beginning. Cloud companies and chipmakers are investing heavily in AI infrastructure, setting the stage for what comes next. 🚀
Let’s take a quick look at how the markets performed in October:
S&P 500: +2.3% (+16.3% YTD) 📈
Nasdaq: +4.7% (+22.9% YTD) 📈
Dow Jones: +2.5% (+11.8% YTD) 📈
Portfolio Performances: How Did We Do?
How did our portfolios perform in October?
Let’s take a closer look — how we compared to the S&P 500, Nasdaq, and Dow Jones, which stocks performed best, and the key moves we made this month!
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