Stocks Usually Gain in the Fourth Quarter. Why This One Is Off to a Bad Start.

Barron's2021-10-06

October marks the start of the fourth quarter, often a strong three months for the stock market. But this one is off to a shaky start—a warning that investors shouldn’t ignore about what the rest of ...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

Willo88
2021-10-07
Willo88
Like
- kenong62:
  done
- Chanelyap:
  Ok
Huat1333
2021-10-07
Huat1333
That said..Let take a breaks....[得意] [得意] [得意]
- Huat1333:
  supports [强]
Steve81
2021-10-07
Steve81
Jiayou
- Steve81:
  Good
来人
2021-10-07
来人
Why? 🤔
SPOT_ON
2021-10-07
SPOT_ON
Like n follow
- 来人:
  Done
- Adlchw29:
  Ok
- SPOT_ON:
  like 👍
andrew123
2021-10-07
andrew123
Like n comment
- WWXY:
  donee!
- andrew123:
  tks
- andrew123:
  tks

发表看法

291

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/1168850593?lang=zh_CN&edition=full","thumbnail":"","is_english":true,"pubTime":"2021-10-06 21:16","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1168850593","market":"us","top_or_hot":-1,"title":"Stocks Usually Gain in the Fourth Quarter. Why This One Is Off to a Bad Start.","media":"Barron's","content":"<div>\n<p>October marks the start of the fourth quarter, often a strong three months for the stock market. But this one is off to a shaky start—a warning that investors shouldn’t ignore about what the rest of ...</p>\n\n<a href=\"https://www.barrons.com/articles/stock-market-outlook-fourth-quarter-51633380291?siteid=yhoof2\">网页链接</a>\n\n</div>\n","source":"lsy1610680873436","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stocks Usually Gain in the Fourth Quarter. Why This One Is Off to a Bad Start.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStocks Usually Gain in the Fourth Quarter. Why This One Is Off to a Bad Start.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-06 21:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/stock-market-outlook-fourth-quarter-51633380291?siteid=yhoof2><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>October marks the start of the fourth quarter, often a strong three months for the stock market. But this one is off to a shaky start—a warning that investors shouldn’t ignore about what the rest of ...</p>\n\n<a href=\"https://www.barrons.com/articles/stock-market-outlook-fourth-quarter-51633380291?siteid=yhoof2\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":".SPX","symbol_name":"S&P 500 Index","start_time":0,"source_url":"https://www.barrons.com/articles/stock-market-outlook-fourth-quarter-51633380291?siteid=yhoof2","article_id":"1168850593","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1168850593","pubTimestamp":1633526214,"sourceInfo":{"source_id":"lsy1610680873436","name":"Barron's"},"weMediaInfo":null,"summary":"October marks the start of the fourth quarter, often a strong three months for the stock market. But","collect":0,"end_time":0,"defaultTopTitle":"barrons.com","property":[],"viewcount":null,"language":"en","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯"},"translate_title":"股票通常在第四季度上涨。为什么这次开局不好。","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"SPY":0.9},"content_text":"October marks the start of the fourth quarter, often a strong three months for the stock market. But this one is off to a shaky start—a warning that investors shouldn’t ignore about what the rest of the year might bring.\nThe red flag isn’t a red herring: TheS&P 500has risen for 79% of fourth quarters since 1950, according to strategists at commercial bank Truist. The average move was 4% in gains.\nBut on Monday, the start of October’s first full trading weekthe S&P 500 was selling off—like it did for much of September. The index ended the day down 1.3%.\nThe reasons why are many, but let’s start with a little more history.\nAfter a bad September—the S&P 500 was down 5% last month—a bad October usually follows. The index has gained in just 54% of Octobers. On average, a down September translates to an October loss of 0.4%, according to Bank of America.\nThen, there’s the hard reality that the market is due for a correction—a drop of 10% or more. Before last week, the S&P 500 hadn’t closed more than 5% below its all-time closing highin a year.\n“I do not think we have seen the bottom yet in stocks,” writes Jay Pestrichelli, CEO of ZEGA Financial. “While September’s stock market declines were uncomfortable, they were far from a traditional 10% market correction.”\nNow consider the risks to economic and corporate fundamentals lurking in the background.\nInflation isn’t going away. Higher material and labor costs—driven in part by supply shortages—aredenting profit marginsfor some companies. For the broader market, rising prices have increasedthe likelihood that the Federal Reserve will raise short-term interest rates next year.If the Fed does hike rates, the economy could grow more slowly, especially since inflation is already eating into economic demand.\n“Inflation really is picking up and they [the Fed] can’t just let inflation run rampant,” says David Miller co-founder and chief investment officer of Catalyst Capital Advisors. “Markets are generally concerned until there’s a clear picture about what the Fed’s actually going to do.”\nLastly, beware of rising long-dated bond yields. Fed Chairman Jerome Powell has signaled that the central bank probably will begin “tapering,” or reducing its monthly bond buying before the end of the year.\nLess money moving into the bond market reduces bond prices and lifts their yields. That makes future profits less valuable. Already, the average forward one-year earnings multiple on the S&P 500 is at 20 times, lower than the 22 times it had hit earlier in the year.\nSo the takeaway? Let history be a guide—and let the dust settle on the fundamental risks.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":823987130,"gmtCreate":1633571912283,"gmtModify":1633571912349,"author":{"id":"3576763566599300","authorId":"3576763566599300","name":"Willo88","avatar":"https://static.tigerbbs.com/ab8eadcec76775a47ed6df4fb60b530d","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/823987130","repostId":1168850593,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6118643,"gmtCreate":1633579035079,"gmtModify":1634719760832,"authorId":3574928367638029,"author":{"id":3574928367638029,"authorId":3574928367638029,"name":"kenong62","avatar":"https://static.tigerbbs.com/37fd00bd8cea11b8aa1aed6d9ddd9413","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":823987130,"type":1,"supId":0,"prevId":0,"content":"done","text":"done","html":"done"},{"id":6120334,"gmtCreate":1633595668094,"gmtModify":1634719627854,"authorId":3581317711527033,"author":{"id":3581317711527033,"authorId":3581317711527033,"name":"Chanelyap","avatar":"https://static.tigerbbs.com/ead5a4e57e2f9f018e7802a33c0a28f5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":823987130,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"CN"},{"id":823915602,"gmtCreate":1633571209536,"gmtModify":1633571210435,"author":{"id":"3559014783889591","authorId":"3559014783889591","name":"Huat1333","avatar":"https://static.tigerbbs.com/c81eba606fe8ba066bc4881a7605ad56","vip":1,"crmLevel":6,"crmLevelSwitch":0},"htmlText":"That said..Let take a breaks....[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;","listText":"That said..Let take a breaks....[得意]&nbsp;[得意]&nbsp;[得意]&nbsp;","text":"That said..Let take a breaks....[得意] [得意] [得意]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/823915602","repostId":1168850593,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6117209,"gmtCreate":1633571223213,"gmtModify":1634719880014,"authorId":3559014783889591,"author":{"id":3559014783889591,"authorId":3559014783889591,"name":"Huat1333","avatar":"https://static.tigerbbs.com/c81eba606fe8ba066bc4881a7605ad56","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":823915602,"type":1,"supId":0,"prevId":0,"content":"supports  [强]","text":"supports  [强]","html":"supports  [强]"}],"langContent":"CN"},{"id":829727712,"gmtCreate":1633561083427,"gmtModify":1633561083674,"author":{"id":"3583228594556766","authorId":"3583228594556766","name":"Steve81","avatar":"https://static.tigerbbs.com/8451fbd9311bbb12faabfa8f6138ef34","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Jiayou&nbsp;","listText":"Jiayou&nbsp;","text":"Jiayou","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/829727712","repostId":1168850593,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6114440,"gmtCreate":1633561090656,"gmtModify":1634720141736,"authorId":3583228594556766,"author":{"id":3583228594556766,"authorId":3583228594556766,"name":"Steve81","avatar":"https://static.tigerbbs.com/8451fbd9311bbb12faabfa8f6138ef34","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":829727712,"type":1,"supId":0,"prevId":0,"content":"Good","text":"Good","html":"Good"}],"langContent":"CN"},{"id":829724858,"gmtCreate":1633560916510,"gmtModify":1633560916906,"author":{"id":"3575544575320394","authorId":"3575544575320394","name":"来人","avatar":"https://static.tigerbbs.com/0af89587decbb8a1d3e1596adc29cb98","vip":1,"crmLevel":6,"crmLevelSwitch":0},"htmlText":"Why? 🤔","listText":"Why? 🤔","text":"Why? 🤔","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/829724858","repostId":1168850593,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":829769278,"gmtCreate":1633559096950,"gmtModify":1633559104384,"author":{"id":"3582922989777578","authorId":"3582922989777578","name":"SPOT_ON","avatar":"https://static.tigerbbs.com/080f029371339d9db26930961de6adb1","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Like n follow&nbsp;","listText":"Like n follow&nbsp;","text":"Like n follow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/829769278","repostId":1168850593,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6114425,"gmtCreate":1633560924022,"gmtModify":1634720143052,"authorId":3575544575320394,"author":{"id":3575544575320394,"authorId":3575544575320394,"name":"来人","avatar":"https://static.tigerbbs.com/0af89587decbb8a1d3e1596adc29cb98","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":829769278,"type":1,"supId":0,"prevId":0,"content":"<u>Done</u>","text":"<u>Done</u>","html":"<u>Done</u>"},{"id":6114443,"gmtCreate":1633561108034,"gmtModify":1634720141518,"authorId":3582005594564308,"author":{"id":3582005594564308,"authorId":3582005594564308,"name":"Adlchw29","avatar":"https://static.tigerbbs.com/7065dbdf3de011b27336702551527d42","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":829769278,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":6124931,"gmtCreate":1633639158579,"gmtModify":1634719294208,"authorId":3582922989777578,"author":{"id":3582922989777578,"authorId":3582922989777578,"name":"SPOT_ON","avatar":"https://static.tigerbbs.com/080f029371339d9db26930961de6adb1","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":829769278,"type":1,"supId":6114425,"prevId":0,"content":"like 👍","text":"like 👍","html":"like 👍"}],"langContent":"CN"},{"id":829732525,"gmtCreate":1633555513631,"gmtModify":1633555515401,"author":{"id":"3576260758860416","authorId":"3576260758860416","name":"andrew123","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Like n comment","listText":"Like n comment","text":"Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/829732525","repostId":1168850593,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6117548,"gmtCreate":1633572336577,"gmtModify":1634719849845,"authorId":3579404476253924,"author":{"id":3579404476253924,"authorId":3579404476253924,"name":"WWXY","avatar":"https://static.tigerbbs.com/28344ad9ceda3dc5b69061cf021b7c88","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":829732525,"type":1,"supId":0,"prevId":0,"content":"donee!","text":"donee!","html":"donee!"},{"id":6118534,"gmtCreate":1633578104266,"gmtModify":1634719770330,"authorId":3576260758860416,"author":{"id":3576260758860416,"authorId":3576260758860416,"name":"andrew123","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":829732525,"type":1,"supId":6117548,"prevId":0,"content":"tks","text":"tks","html":"tks"},{"id":6125382,"gmtCreate":1633644749711,"gmtModify":1634719256655,"authorId":3576260758860416,"author":{"id":3576260758860416,"authorId":3576260758860416,"name":"andrew123","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":829732525,"type":1,"supId":6117548,"prevId":0,"content":"tks","text":"tks","html":"tks"}],"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":291,"commentSize":22,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.25.1","shortVersion":"4.25.1","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1168850593"}