While the historically challenging month of September (average decline for S&P 500 of -1.2% since 1926) started on the wrong foot (down -4.25%), the trend turned quickly enabling stocks (and bonds) to post another winning month. The intra-day graph below of the S&P 500 (red line, left axis) and long term U.S. bonds (white line, right axis) highlights their flip-flopping correlation, from negative to positive to negative. After the fourth trading day of the month, several items catalyzed the change in investor sentiment.
Alternative asset manager offering investment solutions that find a balance between asset protection and capital enhancement.
Alternative asset manager offering investment solutions that find a balance between asset protection and capital enhancement.