It seemed like nothing could stop the 2023 market rally. Then the third quarter arrived. TINA TARA, TAPAS and TIARA
S&P 500 is clinging to a 12% advance for the year
A prolonged period of elevated rates could upend the investing strategies that prevailed during years of rock-bottom rates after the global financial crisis, when investors saw few options for returns outside the stock market.
Now the central bank’s rate increases have seeded a world of yield, giving investors opportunities to earn meaningful returns with little potential downside.
The S&P 500 is on track to drop 3.4% for the quarter.
The Dow Jones Industrial Average has declined 2.2%, or about 741 points, while the tech-heavy Nasdaq Composite has tumbled 4.3%.
WSJ 29 September 2023
TINA vs. TARA, TAPAS and TIARA
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