FSI Sector Allocation - October 2025 Update

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Market Recap

Despite seasonality-based expectations to the contrary, the U.S. stock market ended September up, gaining 3.5%. The S&P 500 rose 7.8% in the third quarter and was up 13.7% year-to-date as of Sept. 30. 

Perhaps the most noteworthy macroeconomic event in September for stock investors was the Federal Open Market Committee (FOMC) meeting on Sept. 17. As widely expected, the Federal Reserve chose...

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