Bouchey Financial Group 3rd Quarter Market & Economic Review

Market Overview:

September marked the five‐year anniversary of the financial crisis. Although the general mood of the country doesn’t always register that we have made much progress, the markets have certainly come a long way since September 2008 (174% off March 2009 lows as shown in Exhibit 1). This strength was evident in the markets in the 3rd quarter with almost all major asset classes showing strong gains. It was also seen during the month of September with many of the broad market averages hitting all‐time highs but with the uncertainty in Washington regarding the debt ceiling and the budget negotiations, we saw the positive momentum slip away at the end of the month with the market losing ground in seven of the final eight trading days of September.

Click the link to read more: Continued Market Strength and Washington Uncertainty