Stocks Decline in October on Middle East Unrest, But Economic Impact Muted

Stock market declined in October due to war in Middle East, with S&P 500 down 2.2%, Dow down 1.4%, and Nasdaq down 2.8%.

War's economic impact relatively small - Israel/Gaza only 0.5% of global GDP.

Oil prices spiked initially but settled back to pre-war levels around $81 per barrel.

As interest rates rose from 0% to 5.5%, bonds become more attractive (FIONA).

Despite anxiety over war, opportunities remain as stocks get cheaper and economy/consumer remain strong.