By: Jeffrey Buchbinder, CFA, Chief Equity Strategist, Lawrence Gillum, CFA, Chief Fixed Income Strategist, and Adam Turnquist, CMT, Chief Technical Strategist

After a difficult September for stocks, investors are surely ready to flip the calendar to October. That’s the month that kicks off the historically strong fourth quarter. Expecting this pattern to repeat this year is tricky given the overhang of a government shutdown, interest rates near 16-year highs, a market still trying to digest the Federal Reserve’s “higher for longer” message, and a consumer who is facing some stiff headwinds as excess savings are drawn down, student loan payments restart, and the effects of higher borrowing costs are increasingly felt. Amid that complicated backdrop, here we assess prospects for a fourth-quarter rally.

Read the full commentary here: weekly-market-commentary-10.02.2023