Franklin Templeton: U.S. Stock Market Poised for Strong Fourth Quarter
46 minutes ago
Franklin Templeton Institute Chief Investment Strategist Jeff Schulze said that regarding the Federal Reserve’s latest interest rate hike, the market’s recent mild performance may help mitigate any potential downturn. In the three months leading up to last week’s rate action, the S&P 500 index barely moved, while the average gain in the three months prior to the first interest rate hike of a cycle historically stood at 4.2%. “I think the market is poised to continue moving higher as it enters the seasonally very strong fourth quarter,” Schulze said. (Jinshi)
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