Fast and Finance

LPL Research: Prospects For a Fourth Quarter Rally

October 20, 2023 Patrick McCrindle Season 2 Episode 20
Fast and Finance
LPL Research: Prospects For a Fourth Quarter Rally
Show Notes

This week's episode is brought to you by LPL Research's Weekly Market Commentary: 
 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 recent 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