is down nearly 6%. September is often a down period for the market: Over the past decade, it's been the worst month for the S&P, shedding 1.53% on average. In contrast, things should turn around in October: That month has been the second-best performing month for the S&P over the last 10 years, gaining an average of 2.26%. FollowGet Tri-state area news and weather forecasts to your inbox.
Consider this your warning. Well, several warnings. Wall Street pros, from pension executives to hedge fund managers, took part in CNBC's Delivering Alpha Investor Summit in New York City on Thursday. Many cautioned of more cracks ahead in the economy and the stock market. Pershing Square Capital Management CEO Bill Ackmanthe Federal Reserve getting inflation back down to a 2% target, due in part to a resurgent labor movement and high energy prices.
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