Inflation Worries and Higher Bond Yields Pressure Stocks in Q3
Good riddance to what has been a very rough September for stocks. In fact, both August and September saw weakness, living up to their reputation as a potentially troublesome time frame based on seasonality.
The S&P 500 rose to the highest level since March 2022 early in the third quarter, but rising global bond yields, fears of a rebound in inflation, and concerns about a future economic slowdown weighed on the major indices in August and September and the S&P 500 finished the third quarter with a modest loss.