A Bad Smell.
The month of September duly lived up to its stock-killing reputation and there was a strong sense of good riddance from investors as markets closed on Friday. On the bright side, Octobers following losing Septembers have a history of being rather good for stock prices and November to December is historically a strong season.
Last week began with a predictable but mild snap-back rally on Monday after the carnage that had followed the outcome of the most recent Fed meeting the week before. But the relief was short-lived. By Tuesday, markets across the board were back in freefall after consumer…
The skinny
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