worth the thought
Statistically, we’re entering the worst trading month of the year. Since the beginning days of the Dow, September is the only month that has averaged a loss. Over the past 120 years, September has posted an average drop of more than 1%.
Statistically, we’re entering the worst trading month of the year. Since the beginning days of the Dow, September is the only month that has averaged a loss. Over the past 120 years, September has posted an average drop of more than 1%.
“The most popular trade of 2016 is showing more signs of unwinding,” Bloomberg reports. “Shares in dividend-paying companies in defensive groups — utility, phone and consumer staples — are trailing the S&P 500 Index in the third quarter by at least 5 percentage points after outperforming by more than 6 points in the first half.”
Meanwhile, bank stocks are breaking out.
Financials are ripping higher, indicating that we might be on track for a rate hike before the end of the year.
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