🧵 1. Stocks suffer worst quarter of 2023 as investors shift focus from AI daydreams & pay attention to potential economic concerns. #finance
🧵 1. Stocks suffer worst quarter of 2023 as investors shift focus from AI daydreams & pay attention to potential economic concerns. #finance
🧵 2. Sevens Report analyst highlights mixed data leading to decline, expects choppy trading until trends emerge.
🧵 3. IPOs make a comeback in Q3 with ARM, Instacart, and Klaviyo going public at $10B valuations.
🧵 4. Fed to hold meetings in Q4, predicting one rate hike this year. Futures market indicates 35% chance of 2023 increase.
🧵 5. Despite recent decline, historically Q4 has been kind to stocks, with average 4% rise in S&P since 1957.
🧵 Read more at: https://www.forbes.com/sites/dereksaul/2023/09/29/stocks-suffer-worst-quarter-of-2023-as-good-vibes-dry-out/
thanks for sharing