The stock market has entered its worst 10-day stretch of the year historically

The stock market on Monday entered what historically is its worst seasonal stretch of days of the year, according to Bank of America. "September 18 begins the last 10 days of September, which is the worst 10-day period of the year for the [S & P 500] with the index up 40% of the time on an average return of -1.11%," wrote Stephen Suttmeier, technical research strategist for Bank of America in a note Tuesday. So far the S & P 500 is true to form, down about 0.6% this week.

Along with the typical seasonal tendencies, investors this week get a crucial Federal Reserve update Wednesday, with the central bank caught between still-high inflation and a slowing economy. There is also a slew of worker stoppages affecting the economy, higher oil prices and a looming government shutdown troubling investors. The S & P 500 was already in the red for the first part of September and Suttmeier noted that doesn't make this stretch a buying opportunity.

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 names 2 European chip stocks as its 'top picks' into year-endThe Wall Street bank's 'top autos semis pick' is expected to rise by more than 60% over the next 12 months.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

Bank of America says now is the time to buy these three home improvement stocksAs inflation cools and home prices pick back up, home improvement spending is set to rise. These three retail stocks could be winners, says Bank of America.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »