Everything looked rosy for stock investors early in September. The S&P 500 added to its impressive gains and notched a new all-time high early in the month, only to give all those up and then some as of the time of this writing. Under the surface and abroad, both in stocks and the global economy, weakness had been developing for some time, and the broad averages finally succumbed to some selling pressure in recent weeks.
In our Q3 report, we dive into how:
Markets ended a tumultuous quarter just about flat.
Stocks failed to hold gains from the beginning of the quarter in the month of September, with the S&P 500 selling off over 5% from its all-time high set on the 2nd.After a harrowing fall to start the year, treasuries began to stabilize, buoying fixed income portfolios.
Invariant has recently made several changes in client portfolios to try to take advantage of this volatility.