Franklin Templeton strategist says U.S. equities are expected to strengthen into the fourth quarter
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AT A GLANCE
Jeff Schulze believes that U.S. equities may continue moving higher into a seasonally strong fourth quarter.
Article
Franklin Templeton: U.S. equities are expected to enter a strong fourth quarter
BlockBeats News, September 24: Jeff Schulze, Chief Investment Strategist at the Franklin Templeton Institute, said that the market's relatively muted recent performance may cushion any downside related to the latest Federal Reserve rate hike. In the 3 months leading up to last week's action, the S&P 500 Index was virtually unchanged, compared with a historical average gain of 4.2% in the 3 months before the first rate hike. “I believe the market is poised to continue moving higher into a seasonally very strong fourth quarter,” Schulze said. (Jin10)
Original link: https://m.theblockbeats.info/flash/368810
Key points
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Jeff Schulze said that the market's relatively muted recent performance may cushion any downside.
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In the 3 months leading up to last week's action, the S&P 500 Index was virtually unchanged.
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The original text states that the historical average gain in the 3 months before the first rate hike was 4.2%.
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Jeff Schulze believes the market may continue moving higher into a seasonally very strong fourth quarter.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is an investment strategist's assessment of the future direction of U.S. equities. He compares the market's relatively muted recent performance with historical moves before rate hikes and, based on that comparison, expresses an optimistic view of the fourth quarter.
Why it matters to readers
This view provides one market assessment for observing U.S. equity performance in the fourth quarter, but the original text does not establish that subsequent gains will necessarily occur.
Beginners can treat this as the view of an institutional professional, rather than a certain investment outcome; the historical average gain cited does not mean the market will repeat the same performance this time.
Risks and unknowns
Further gains are Jeff Schulze's forecast and have not yet been validated by subsequent market performance.
The original text does not explain the statistical scope or calculation methodology for the 4.2% historical average.
The original text states only “September 24” and does not specify the year.
The original text does not provide specific data supporting its assessment of fourth-quarter seasonality.
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S&P 500 Index
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