S&P 500 fell 4.8% in September, worst month since March 2020

Stocks on Wall Street fell broadly Thursday, closing out September with their worst monthly loss since the beginning of the pandemic. The S&P 500 ended the month 4.8% lower, its first monthly drop since January and the biggest since March 2020, when the viral outbreak rattled markets as it wreaked havoc with the global economy.


What’s behind the crazy market rally? A billionaire investor explains

The S&P 500 is up ~50% since its March low, and back near its all-time high. The mind-blowing rally is taking place as the economy saw its worst quarterly GDP contraction in 70+ years. WTF is going on? A popular (but unsatisfactory) answer is: “the Fed is pumping the markets.” For a more thorough explanation,