Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action news and analysis.

Good afternoon, today is Monday, October 2nd, and I'm your host, Kim Khan. Our top story so far.

Equities were among the worst performing assets in the third quarter, and those counting

on October resilience to recover the ball may want to think again.

In the Deutsche Bank Global Review of Q3,

strategist Henry Allen says,

when it came to financial assets,

the biggest story was the massive bond sell-off,

which sent yields up to multi-year highs around the world.

For instance, a ten-year Treasury yield ended up the quarter up 73.5 basis points at 4.57% and at the

intraday peak on September 28th it was as high as 4.686% which we haven't seen since

2007.

Along with tumbling sovereign bonds equities are down across the board with declines for the

S&P 500 the stock stock 600, and the Nik.

Alan notes that the main exception were energy stocks,

with those on the S&P up 12.2% over the quarter.

Among winners, oil prices rebounded after four consecutive

quarterly declines. Brent crude was up 27.2 percent and W.T.I. was 28.5 percent.

The dollar index strengthened by 3.2%, which Alan says was aided by the sharp rise in US real yields.

BTIG's technical strategist Jonathan Krinsky says he wouldn't be too surprised to see the inverse of last year with October starting up week though.

We also continue to see many blindly assuming that the fourth quarter will be higher

based on the average seasonal pattern he adds. While October is a strong month on average, it has been down 10 of the last 30 years, with 8 of those years

...