September to Remember? Stocks Up, Rates Down

September Market Recap: Stocks End Month Up, After Fed Cuts Rates by 0.50%

Last month was another good reminder of the reasons to stick with your investment game plan: avoid selling in a panic, remain invested, keep investing and build wealth long-term. Although September was a bit rocky at the start, by the end it was up 2.1%, and investors who sold may have missed this opportunity. Take the time to read and think about this: US stocks are up 22% year-to-date, 36% over the past 12 months and up 665% for the 20 years ending 9/30/20241. Long-term investing has historically been a very effective way to build wealth.

As for big news in September, finally the Fed began to cut interest rates, reducing the Fed Funds Rate by 0.50%. Here’s what rate cuts could mean for you.

You can see how stocks performed after the start of the nine rate cut cycles since 1982: How Markets Historically Performed After Rate Cuts.

Market Performance:

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Disclosures:

1.?US Stocks represented by S&P 500 Index Total Returns. Source: YCharts. Data as of 9/30/2024.

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