Labor Day Weekend: Market sell off continued into the last week of Friday.Sept has in general been a downer month.. more pain to come ahead! 2rd Week of Sept: Brutal week in the markets. Inflation numbers came in tad higher than expectations and markets took a beating! FDX fell >20 % on Friday, the biggest such drop in 1987
3rd week of Sept: 3rd Fed hike of 75 basis point came in this week. It for sure wreaked havoc in the markets. Markets are down almost 5 % for the week on top of brutal downturn from last week. My portfolio suffered the same fate.. though it did give me a chance to stock up on some stocks I wanted to buy for some time! |