The stock market is stuck in a typical but anxious seasonal pullback

  • 📰 CNBC
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Mike Santoli gives the state of the stock market as it enters September on shaky footing.

The longer the stock market churns in place, the more time investors have had to cogitate over the causes of what could just be a standard and needed late-summer shakeout to reset stretched investor expectations, positioning and valuation.

The Fed-funds futures market looking beyond a few months is something like the preseason college-football rankings: All we have available to work with before the season starts, but interesting mostly for how exactly they'll be proven wrong. And note that just a few months ago, cuts were priced for the latter part of this year, and the market unwinding that assumption did not kneecap equities.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA

Canada Canada Latest News, Canada Canada Headlines