The stock market bull may not be dead yet

The calendar may still read September, but weary investors are already starting to get their hopes up for a so-called Santa Claus rally in the fourth quarter.

The past three months have been brutal. The Dow, S&P 500 and Nasdaq have each plunged about 9% so far in the third quarter and are in the red for the year.

They are also all in a so-called correction — down more than 10% from a recent peak. This will be the worst quarter for stocks in four years — the last time the market had a correction.

There’s a lot to worry about.

The opinions expressed within this report are those of John Norris as of the initial publication of this blog. They are subject to change without notice, and do not necessarily reflect the views of Oakworth Capital Bank, its directors, shareholders, and employees. 

 

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