06.10.2023 –
September lived up to its reputation as a volatile month in the stock market, presenting us with a range of challenges. In our latest market update for the end of September 2023, we analyze several factors that contributed to a decline in equity markets.
This decline was notably influenced by significantly higher oil prices and an unexpectedly robust surge in yields on 10-year US Treasuries.
Central banks caught the market off guard with their mid-September decisions, leading to the prevailing expectation of interest rates remaining at these elevated levels for an extended period.
As we approach the final quarter of 2023, we maintain a cautious yet optimistic stance. We anticipate a potential recovery and attractive entry opportunities, particularly within the value sector.
Click here to watch our CEO, Steffen Bauke’s market update for September 2023 on YouTube.