From a volatility perspective, October could be every bit as nasty as September. Indeed, stock markets seem to be rolling over after a mostly upbeat spring and summer. As we move into early autumn, stocks could find themselves correcting further off the summertime peak as rates on the 10-year Treasury note continue moving higher.
Undoubtedly, the Fed's war with inflation isn't over - and it may be far from over. Given this week's ongoing rate woes, the broader basket of dividend payers seems to have been punished quite severely, with the utilities group making the biggest moves lower.
