Throughout most of 2021, U.S. equities have risen despite a growing list of concerns. With the S&P 500 trading at valuations not seen since the technology bubble period, a lack of a 5% pullback in this index since October of 2020, and September being the worst month in terms of performance for this index, investors were already a bit jittery as this month began. Late last week and over the weekend, investor worries increased as fresh concerns helped to lead a global selloff that started in Asia and spread quickly to Europe and domestic financial markets, with riskier assets bearing the brunt of the weakness.
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Commentaries are published by Cetera Investment Management LLC, an SEC registered adviser owned by Cetera Financial Group. Cetera Investment Management provides market perspectives, portfolio guidance, model management, and other investment advice to its affiliated broker-dealers, dually registered broker-dealers and registered investment advisers.
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