As volatility continues to punish the stock market, investors are forced to sit and watch their gains vanish.
The S&P 500 rose 19.5% between January and July 2023, only to drop 6% in the months since. And with a higher-for-longer mentality at the Fed on interest rates, bearish sentiment among investors, and a seasonal decline taking hold, it seems like this summer’s rally may continue to ebb away as fall sets in.
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