Weekly Commentary | Oct 3, 2021

Macro Picture

It was another bearish week in the markets with the major averages pulling back between 1.0% and 2.5%. For the month, the S&P was down 3.7% and the Nasdaq down 4.9%. International stocks were down even more at 3.8% on the EAFE and 5.2% in EM. This is the largest weekly drop since February and the worst month since the start of the pandemic.…