By Gunjan Banerji Updated Sept. 30, 2019 4:00 pm ET The S&P 500 jumped Monday and will now enter the fourth quarter with its biggest year-to-date gain in more than two decades.
The Fed’s moves are part of a trend around the world, with 16 central banks lowering interest rates in the third quarter, according to JPMorgan Chase & Co. analysts, who expect almost two dozen more to slash rates in the fourth quarter. They also expect the Fed to cut rates again this year. Many investors say they are bracing for more turbulence ahead. U.S. stocks ascended to record highs in July before being dragged down by worries about a recession. They’ve clawed back some of their losses as some of the fears that gripped markets in August have subsided and stock moves have grown more muted.
“The third quarter of 2019 was a momentous one,” said Chris Zaccarelli, chief investment officer at Independent Advisor Alliance. “Heading into the fourth quarter the main drivers still remain U.S. corporate earnings and global economic data, both of which have been overshadowed by the trade war.” Data like this fuels concerns about a repeat of last year, when the S&P 500 soared ahead of the autumn before tumbling almost 20% through December.Several other factors could spur volatility in coming months, analysts say. Investors have been monitoring political drama in Washington as lawmakers have proceeded with an impeachment inquiry against President Donald Trump.
Thank you Trump!!
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Of course that's all start date dependent. Year over Year it's up only about 4.0%... we'll see how Q4 unfolds vs last year
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