Insights

Despite brief intra-month pullbacks in both July and September, the S&P 500 Index has delivered six straight positive months while surging to all-time highs. In other good news, the all-important 10-Year Treasury yield has fallen back to where it began this year (around 4%), as inflation continues to head toward the Federal Reserve’s 2% target (the one-year trailing rate is 2.5%, down from a peak 7%+ level).