Stock markets seem to have taken a bit of a fright at news of a new Covid variant and the prospect of lockdowns rearing their ugly heads again. This news has unsurprisingly hammered the sectors most affected ie travel, retail and other cyclical sectors. My portfolio has fared relatively better than the indices in response to this news, though this is coming off the back of a week’s mauling by another short but sharp rotation from growth to value.

October was a decent month and my portfolio managed to claw back some of the fall from the end of September. The market as a whole seems to have recovered some of its mojo and US earnings season has started fairly positively, though I’m not sure how long this will last. The spectre of rising inflation and interest rates still looms in the background.