Stocks rebounded nicely in October after a particularly sloppy September. Most of the gains came in the last two weeks of the month, as investors became increasingly hopeful once again that the Fed might be nearing the end of this aggressive phase of its monetary policy, and reports surfaced that the Fed was debating how to slow down the pace of their rate hikes. In addition, there was growing evidence that the Fed’s rate hikes, executed at the fastest pace in history, were starting to have a meaningful impact on overall economic growth.
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Founded in 1984, Pinnacle Associates, Ltd. is a forward thinking, multi-billion dollar investment advisory firm focused on transparency and putting clients first. We provide advice to individuals and families, institutional investors and other financial institutions.
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