The global equity market in October notched its second consecutive monthly return of more than 2% and its eighth positive monthly return for 2019. Since touching its 2018 low on December 24, the S&P Global 1200 Index has generated a total return of 26.3% through the end of October. That strong return notwithstanding, the index finished the month still just shy of the all-time it hit in January 2018. Milliman’s Joe Becker offers more perspective in this month’s market commentary. Download the full commentary at MRIC.com.