After posting the best start to a year since 1997, the S&P 500 declined for the first time in four quarters. September was a particularly difficult as the S&P 500 was down 4.87% for the month. Ironically, September is traditionally known as the weakest month of the year.
The market is up 20% from its October 2022 low; however it remains roughly 8% off the high set on January 2, 2022. Let's take a look at past market recoveries.
If you are a participant in a 401K plan, it likely you are invested in a Target Date Fund or have the option to do so. But do you know what a Target Date fund is? Let’s dig in!
Check out this video to watch our Second Quarter 2023 market commentary.
Check out this video to watch our first quarter 2023 market commentary.