M&A performance was crimped in October as market volatility caused most spreads to widen. This presented an opportunity to put cash to work by adding to existing positions at lower prices to earn greater returns.
October spooked market participants universally with US stocks enduring their worst month since the financial crisis.
U.S. equities closed August with a solid gain and set a record high even as the ongoing multi-front trade war’s ripple effects spread to include more products and industries in the EU, China, Canada and Mexico. NAFTA talks are active.