Recapping the day's news and newsmakers through the lens of CNBC.
September's bum rap
Supposedly the worst month of the year for stocks, September has pretty much stuck its thumb in the collective eye of naysayers. The month is well on its way to being one of the best in this already turbocharged year. What makes the trend especially interesting is that the market had more than the calendar conspiring against it.
There's a lengthy menu of unappetizing factors, none of which has been able to make a dent: possible U.S. military action in Syria, unrest over both Federal Reserve policy and who will lead the central bank in the post-Ben Bernanke era, and more disturbing news on the jobs front that indicate an aggressive recovery is still far off.
"Anyone with a negative take on stocks at this point must, however, consider the possibility that something else is afoot with the most recent bounce higher."
— Nick Colas, chief market strategist at ConvergEx