Economic Update: October 11, 2021

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.