Stock Market’s Worst Month Gets Even More Dicey With Hawkish Fed
- S&P 500 historically posts its weakest returns in September
- ‘All about the employment data,’ says Canaccord’s Tony Dwyer
This article is for subscribers only.
Wall Street is on edge as it heads into a dangerous final few months of 2022 with the Federal Reserve set to keep raising interest rates and the calendar flipping to September, historically the weakest month of the year for stocks.
Investors who were thinking this year’s rise in inflation would be short-lived are growing worried about how long the pressures will persist. That spurred a fast rise in the 10-year note yield in August, which rattled growth shares, upending the stock market’s $7 trillion early summer rebound.