August begins the historically worst part of the year for stocks. Bank of America says get defensive

  • 📰 CNBC
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 72%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

New for subscribers: August begins the historically worst part of the year for stocks. Bank of America says get defensive Check out CNBCPro for a free trial.

has averaged a loss of 0.03% between August and October since 1928, making it the worst three-month period for the broader market index. This period also includes September, a month in which the S&P 500 averages a loss of 1%.

Given this historically weak time period for the market, Bank of America's Stephen Suttmeier thinks this is a good time to "get more defensive."

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Pro The bear: Why you look at me, it’s not my fault😄

Pro The sentiment indicators are certainly negative going into the month. Maybe a contrary indicator, we will see 💰

Pro History doesn't mean anything. This is an extraordinary time! Let's not confuse things here!

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 12. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Bank of America believes AMD will be the next $100 billion chip companyNew for subscribers: Bank of America believes AMD will be the next $100 billion chip company Check out CNBCPro for a free trial. Pro International activities of the Latin America states in combating drug trafficking in the XXI century: Pro Pro Great company and a good stock to invest in except it doesn't pay any dividend, which It should!
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

European stocks turn higher as improving economic data offset downbeat bank resultsEuropean stocks turned higher on Monday after early losses, as improving data on the economy helped offset disappointing results from HSBC Holdings and... German stocks led higher by autos on improving sales as the EU and US reopen. VW +6% today. Automotive
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »