Good riddance; This week. This month. This quarter. September has historically been the worst month on the calendar for stocks. It sure lived up to its reputation this year. On to October and Q4.
September was bad for bonds too. Yields jumped as the Fed doubled and even tripled down on its commitment to combat inflation at all costs. Demand has been destroyed. That is precisely the Fed's goal. The costs are racking up. Significant damage has been done to the capital markets. The Dollar has spiked against every foreign currency. Rising yields and the strong Dollar have a chokehold on the Market. Asset prices have collapsed as buyers retreat. 2022 has been a year like few others in modern history. A reprieve will come if and when the Fed relents. The Market has sounded the alarm.
