Risk Sentiment Plummets: BofA Uncovers Key Drivers Behind October’s Market Downturn

October witnessed a significant downturn in the market, reflecting the broader economic landscape. Bank of America (BofA) has shed light on these factors, revealing how interconnected global markets create ripples that impact even the rapidly growing digital asset space. The report highlights persistent inflation, volatile energy prices, geopolitical unrest, and concerns about corporate earnings, all contributing to a heightened risk aversion among investors.