September 2016 Market Insight
September was a back-and-forth month, as the bulls and the bears fought hard for control. As has been the case with the rest of 2016, the bulls are still winning. The S&P 500 (US large-cap stocks) gained 0.80% on the final day of trading in September, bringing the monthly gain up to 0.02%. U.S. small-caps performed better, returning 1.11% for the month. Non-US stocks (MSCI World ex USA) made up for some of their recent subpar performance, gaining 1.22%. The Federal Reserve declined to raise interest rates at the September meeting; however, the statement released from the meeting did signal that board members want to make a move by the end of 2016.