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Markets Get A Dose Of Volatility

Oct. 05, 2021 5:27 AM ET1 Comment
Michael Loewengart profile picture
Michael Loewengart


  • All the major US indexes declined in September, but the tech-heavy Nasdaq Composite fell the most (-5.3%), highlighting the rotation away from tech and growth.
  • Around the globe, developed and emerging markets both lost ground in September, but emerging market stocks took the bigger hit.
  • Bond prices move inversely to yields, and last month’s yield spike resulted in another negative month for fixed income investments.

Giant ocean waves crash on the water surface forming a rainbow

Elena Perova/iStock via Getty Images

Last month, stocks did what they've often done in September - decline. In addition to possible seasonal weakness, some of the risk factors that many investors appeared to shrug off the past few months conspired to hand the US market

This article was written by

Michael Loewengart profile picture
Mike Loewengart is Head of Portfolio Construction for Morgan Stanley Portfolio Solutions and a Managing Director in the Morgan Stanley Wealth Management Global Investment Office. He joined Morgan Stanley via the acquisition of E*TRADE Financial where he was responsible for the asset allocation and investment vehicle selections used in E*TRADE advisory platforms. Prior to joining E*TRADE in 2007, Mike was the Director of Investment Management for a large multinational asset management company, where he oversaw corporate pension plan assets. Early in his career, Mike was a research analyst focusing on investment manager due diligence for the consulting divisions of several high-profile investment firms. Mike holds series 7, 24, and 66 designations, as well as the Chartered Alternative Investment Analyst (CAIA) designation. He is a graduate of Middlebury College with a degree in economics.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

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