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So much for those predictions of a market correction in October. The S&P 500 finished the month at an all-time high and surged 6.9%, for its biggest monthly gain of 2021. This benchmark for the U.S. stock market is up more than 22% for the year while the Dow Jones Industrial Average, Nasdaq Composite and Russell 2000 are all up at least 16%.

Although investors are feeling more optimistic about stocks again, that doesn’t mean their reasons for caution have gone away. If anything, earnings season confirmed that the pace of growth has slowed more than economists had expected. Several Big Tech companies reported disappointing earnings results, supply chain issues persist and inflation is now at a 13-year high.

Third quarter earnings…

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