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September Ends in ‘Vortex of Pain,’ But Q4 Shows Promise

FS Insight Team

“Sometimes we stare so long at a door that is closing that we see too late the one that is open.” ~ Alexander Graham Bell

Good evening:

Markets remain in what Fundstrat Head of Data Science Ken Xuan terms a “vortex of pain.” We opened on Monday with markets continuing to digest the previous week’s central bank actions (from the Fed, the Bank of England, and the Bank of Japan.) 

Last week’s FOMC meeting led to renewed fears among many market participants that the Fed would stay “higher for longer.” A continued surge in yields followed, weighing on the stock market. Fundstratâ€...
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