• Skip to main content
  • Skip to header right navigation
  • Skip to site footer
Bautis Financial

Bautis Financial

Secure your Castle, Achieve your Dreams.

  • Schedule a Call
  • Podcasts
    • Agent of Wealth
    • Clear a Path
  • About
    • Our Approach
    • Our Team
    • Our Difference
  • Who We Work With
    • Individuals and Families
    • Small Business Owners
    • Retirees and Pre-Retirees
    • 401k Plan Sponsors
  • Insights
    • Blog
    • Business Valuation Advisor
    • College Planning Hub
    • Discover How
    • Learning Center
    • Risk Score
  • Client Access
    • Wealth Center
    • Orion

Bautis Financial Advisor Commentary: October 13, 2022

October 13, 2022 by Marc Bautis
Marc Bautis' Advisor Commentary

September was yet another difficult month for stocks and bonds. Concerns of a growing recession risk, persistent inflation and monetary tightening hit capital markets hard. It marked the worst month for US equities since March 2020.

This is a new installment in an ongoing series where Marc Bautis, Wealth Manager and Founder of Bautis Financial, comments on hot topics in the financial industry.

September 2022 Market Summary

September was another difficult month for stocks and bonds. The Dow Jones Industrial Average tumbled 8.8%, the S&P 500 slumped 9.2%, and the NASDAQ sank 10.4%. Persistent inflation, a strengthening US dollar, growing US Recession risk and another “jumbo” 0.75% rate hike by the Federal Reserve contributed to a dismal end-of-Q3 for stocks. 

September marked the single worst month for US equities since March 2020. Year-to-date, the Dow is down 19.7% and flirting with bear market territory, the S&P 500 is off 23.9%, and the NASDAQ is 32% lower.

No sector finished September in the black, and cyclicals were hurt the most for the second straight month. Industrials, communication services, technology and real estate all plummeted over 10% in September. The relative “winner” was the historically rate-proof health care sector, which fell 2.5%.

Oil accelerated its retreat from prices above $100 per barrel. Both WTI and Brent fell over 14%, to $77.17 and $82.55 per barrel, respectively.

In housing, US New Single-Family Home Sales sharply rebounded by 28.8% MoM, though Existing Home Sales slipped for the seventh straight month. 

Meanwhile, inflation data was mixed: July’s inflation rate fell slightly to 8.26% but core inflation grew to 6.32%. The manufacturing sector slid further toward contraction territory, with last month’s US ISM Manufacturing PMI falling by two points to 50.9.

The inverted yield curve remained firmly inverted in September as the 3-Year Treasury Note sported the highest rate among US Treasuries. In addition to the 3-Year, yields on the 1-Year, 2-Year, 5-Year and 20-Year instruments were all north of 4%. The long-term 30-Year Bond was sporting the third-lowest yield of all Treasuries as of September 30th. In yield spread news, the widely-followed 10 Year-3 Month Spread grew positive but the 10-2 Year Spread remained inverted by 39 basis points.

Category: Finance NewsTag: Advisor Commentary, September 2022 Market Summary, Stock Market News, Stock Market Trends
Previous Post: « What Happens to a 529 If a Child Doesn’t Go to College What Happens to a 529 If a Child Doesn’t Go to College
Next Post: Episode 126 – How to Go to College and Graduate Debt-Free With Shellee Howard How to Go to College and Graduate Debt-Free »

Subscribe to Our Insights

Sign up to receive valuable financial insight and updates straight to your inbox each week.

Social

Follow along on social media

Contact

Bautis Financial
7 North Mountain Ave
Montclair, NJ 07042
Get directions
862-205-5800
Contact

Navigation

  • Schedule a Call
  • Podcasts
    • Agent of Wealth
    • Clear a Path
  • About
    • Our Approach
    • Our Team
    • Our Difference
  • Who We Work With
    • Individuals and Families
    • Small Business Owners
    • Retirees and Pre-Retirees
    • 401k Plan Sponsors
  • Insights
    • Blog
    • Business Valuation Advisor
    • College Planning Hub
    • Discover How
    • Learning Center
    • Risk Score
  • Client Access
    • Wealth Center
    • Orion

Copyright © 2023 · Bautis Financial · All Rights Reserved · Powered by Mai Theme

Return to top