September got off to a horrible start with a 2.96% decline on the first trading day of the month. That decline came after the index fell 6.26% in the month of August! After that awful first day, we sent Bespoke Premium clients the B.I.G. Tips report at right (click to view) titled “Wake Me Up…When September Ends.” Yes, that’s the title of the popular mid-aughts Green Day song, and it applied perfectly to the stock market this month. While the market saw a mid-month bounce, the S&P has fallen 6% from its high on 9/17 when the Fed announced that it would leave rates unchanged.
Below is a closer look at asset class performance during the month of September using our key ETF matrix. For each ETF, we highlight its performance month-to-date, year-to-date, and also since the 9/17 Fed Day. Outside of Utilities, it has been a painful couple of weeks for U.S. equities. Health Care has led the way lower with a decline of 9% post Fed.
Globally, equity market performance has been roughly inline with domestic performance. That is to say, there’s lot of red to go around. The only area of green in the matrix is in Treasury ETFs, which are up nicely both month-to-date and since 9/17.
Now that September is just about in the books, what’s in store for October? We’ve got lots of coverage on this topic in our members only section. You can sign up for a 10-day free trial to our Bespoke Premium service to see it. Enter “thinkbig” in the coupon code section of our Subscribe page to receive a 10% discount today!