Franklin Templeton: US stock market poised for a strong fourth quarter

BlockBeats news, September 24: Jeff Schulze, Chief Investment Strategist at Franklin Templeton Institute, stated that regarding the latest Federal Reserve rate hike, the market's recent mild performance may mitigate any declines. In the three months leading up to last week's action, the S&P 500 was nearly unchanged, whereas historically, the average gain in the three months before the first rate hike was 4.2%. "I think the market is poised to continue higher, heading into a seasonally very strong fourth quarter," Schulze said. (Jinshi)