Shesa's OCTOBER 2023 Investment Blog
OCTOBER 2023 - INVESTMENT BLOG By Shesa Nayak U.S. Stock Market Commentary We saw a wonderful first half for the stock market followed by depressing third quarter and brutal September. It was another terrible month where Nasdaq lost 5.8% for the month and 4.1% for the quarter. S&P 500 was down 4.9% and DOW declined 3.5% during September. But the good news is that we are already in October. How has been October, so far?? Well, the treasury yields have gone up significantly in last few weeks and reached to 16 years high. The congress averted government shutdown for another 45 days but the speaker of the house was ousted. However, same dram will continue again after a few weeks. After the unprecedented attack by Hamas (Palestine) on Israel has changed the whole geopolitical situation and created further apprehension in the stock market which is already navigating through a difficult environment. However, that has become positive for the market as the 10-year Treasury bond yield ...