Why The Fed Won’t Save the Stock Market

And it’s hardly an auspicious start to a month that’s historically a positive one for equities. Over the first nine trading days of the month, the Dow is down 5.6%, the S&P is off 5.8% and the Nasdaq is 5.7% in the red. That’s the worst start to a December for all three benchmarks since 1980, according to Dow Jones Market Data.