Last week the US stock market delivered the most dramatic losses and gains since 2002. For the week, the S&P 500 gained 0.3%. Substantial changes have occurred, however, in the fundamental financial system of the United States.
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The S&P 500 gained 2.0% in the 3rd quarter and is up 9.1% on the year. Looking at quarterly returns for the major US Indexes, it was a quiet three months for US stocks. Looking at the month by month returns - what a wild ride!
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