How I'm approaching the stock market after its wild reversal to start September

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The S&P 500 and the Nasdaq had their best weekly gains of 2024, gains that made up for the prior week, the worst of the year.

Before taping a Friday "Mad Money," I always look at the week's market performance just in case the percentages are noteworthy. They usually aren't. But this week things were different, very different. The S & P 500 and the Nasdaq had their best weekly gains of 2024, gains that made up for the prior week, which was the worst of the year. This kind of reversal has to be mentioned, even if it only shows the trivial nature of these big increases and declines.

Oracle Chairman of the Board and Chief Technology Officer Larry Ellison delivers a keynote address during the 2019 Oracle OpenWorld in San Francisco on Sept. 16, 2019.Before taping a Friday "Mad Money," I always look at the week's market performance just in case the percentages are noteworthy. They usually aren't. But this week things were different, very different. Thehad their best weekly gains of 2024, gains that made up for the prior week, which was the worst of the year.

 

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