Plunge into the turning tides of the 2023 market
Plunge into the turning tides of the 2023 market as the third quarter brings unexpected upheaval, causing yields on longer-term government bonds to skyrocket and putting a sudden halt to a robust stock market previously powered by high-valued technology shares. The previously soaring S&P 500 clings to a meager 12% increase, causing a ripple of concern among investors eyeing the closing months of 2023 with anticipation and uncertainty. Fear mounts as the Federal Reserve hints at maintaining elevated interest rates, potentially destabilizing the stronghold of risky assets like stocks and casting a shadow on an otherwise resilient economy. The quarter concludes with the S&P 500 and Dow industrials posting their worst showings since the third quarter of 2022 and the Nasdaq Composite stumbling to its weakest performance since last year’s second quarter, reflecting a cumulative dip in the technology sector, with giants like Apple and Microsoft facing significant declines. Energy stocks emerge as potential victors, riding the wave of a rally in oil prices, spotlighted by a 27% surge in Brent crude to a staggering $95.31 a barrel. #MarketCrash2023 #FederalReserve #TechStocks #Investment #bonds #Economy #StockMarket #energystocks
Credit to : The Money GPS