The tailwinds that have been propelled the S&P 500 and Nasdaq up 7.5% and 9.8% respectively for the month seem to have disappeared. Rising concerns over the strength of the consumer and economy have become headwinds for equities. US Treasury rates fell after Jobless claims and Continuing claims were higher than estimates, with continuing claims rising every week since the beginning of September. Unlike previous sessions this month, the falling rates were not enough to push equities higher after…
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