Red September
If it feels like markets are always weak in September, it may be more than a feeling. Statistically, September has delivered investors the worst monthly returns compared to any other month.
In this week’s update, we will discuss some of the factors impacting markets over the past few weeks and what factors we think are important in trying to decide what will emerge as leadership when the selling ends.
Key Takeaways
- Market price action was painful, but long-term price action remains supportive of the bull market
- VIX is suggesting that some election-day concerns may be getting front-end loaded into September
- While the market is painful, we think positioning the portfolio for lower rates makes sense
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