, with the benchmark index falling an average of 0.56% since 1945, according to Sam Stovall, chief investment strategist at CFRA. The S&P has advanced only 45% of the time in September, the lowest rate of any month, CFRA’s data showed.
With worries over the Delta variant looming, "to continue to question the rally because of seasonality makes sense," said JJ Kinahan, chief market strategist at TD Ameritrade. Net leverage among hedge funds, meanwhile, stood at 50% at the start of the third quarter compared with 58% late last year, according to a Goldman Sachs report.
Still, there is plenty of support for the view that equities are likely to continue grinding higher into the end of the year.
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Wall Street Is Looking to Reddit for Investment AdviceWall Street professionals tell everyday investors what stocks to buy. But now they have to follow some of these amateurs for signs of where the market is headed next. WSGToken Wall Street Games Winner winner chicken dinner? wallstreetbets wow
Lire la suite »