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Fulton Bank
Fulton Bank

Economic Update October 11

While September may have been a month to forget, taking a step back and looking at year-to-date market performance provides some sense of relief. As of September 30, 80% of the stocks in the S&P 500 are positive for the year. Going back to 1980, returns have only been this broad-based five other times. While risks to the current bull market have begun to rear their head, it is worth noting that each of the previous periods that experienced such strong market breadth saw stocks continue to climb through year-end.

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Read our in-depth analysis of Q3 and assessment of US and International equity and fixed income markets.
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The Author

Matthew Brennan

Matthew is a portfolio manager and leads the investment strategy group for Fulton Private Bank and Fulton Financial Advisors. He was a National Merit Scholar at the University of Chicago, where he graduated with a B. A. in Political Science. He is a Chartered Financial Analyst (CFA®) charterholder and is a member of the CFA® Institute and the CFA® Society of Philadelphia.