September Forecast: Messy Times Ahead

U.S. stocks were mixed, with the Dow slipping and the Nasdaq adding gains, while the 10-year Treasury yield reached its highest level since 2007. Oil prices surged to their highest in over a year due to falling crude inventories. Shares of China Evergrande Group were suspended after its chairman was placed under police surveillance, and the company reported a significant loss. Meta announced the launch of Quest 3, its latest virtual reality headset, along with new AI software and digital assistants. Rising Treasury yields, surging oil prices, and the potential for a U.S. government shutdown are causing uncertainty in the markets, impacting stocks and economic confidence.