Closing Out the Quarter: Tech Rebounds a Bit but Supply Chain Issues Slam Bed, Bath & Beyond
With Treasury yields losing a bit of their grip and volatility edging lower, stocks have a slight green tint this final morning of the quarter. Barring one of the greatest rallies ever, September is going to be a down month.
Jobs, Jobs Jobs: October’s Focus Turns to Key Employment Data as Fed Waits in Wings
For Fed watchers, Sept. 22 was a “eureka” moment that could help determine where Wall Street heads in October. That was the day Fed Chairman Jerome Powell helped light up the market by hinting that a “taper” could be closer than ever.
Technology Stocks Pull Down the S&P 500, Can Other Sectors Pull It Higher?
Futures are pointing to a higher open. News and announcements were light before the open which gave investors a chance to digest Tuesday’s selloff. The selloff was orderly which may suggest that the selloff wasn’t a taper tantrum but a “normal” September slump where money managers are rearranging their portfolios for the final quarter.