Charts Suggest It's ‘Way Too Early' to Expect the Stock Market to Rebound, Jim Cramer Says

  • 📰 NBCDFW
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

“Unlike him, I also believe we could get a sharp spike up, but, for our Charitable Trust, if that happens we’re going to have to do some selling,” he added.

The S&P 500 closed out its worst month since March 2020 on Friday. The Dow Jones Industrial Average tumbled 8.8% for the month, while the Nasdaq Composite dropped 10.5%.

Before getting into Sebastian's analysis, Cramer first explained that when the S&P 500 goes lower, the CBOE Volatility Index, also known as the VIX or fear gauge, typically moves higher. And when the S&P moves higher, the VIX typically goes lower.While the S&P and VIX moved at the same pace in June, things took a turn in August.

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:

 /  🏆 288. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Charts are based upon the past. While the past has 'echoes' or mirrors the present and somewhat 'informs' the future, it doesn't necessarily determine or mandate what happens then.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US stock market is tanking, but some experts say it's time to buy the dipWells Fargo strategists said this week that the stock market has dropped enough to price in bad news, making it an opportune time for investors to buy. No crap Bad policies produce bad results
Source: FoxBusiness - 🏆 458. / 53 Read more »

CarMax's Earnings Miss Is a Win in the Fed's Battle Against Inflation, Jim Cramer SaysOne factor that showcases the used car market’s downturn is a decline in vehicle prices, according to Cramer.
Source: NBCDFW - 🏆 288. / 63 Read more »

European Stocks Set to Rebound After Bank of England Placates MarketsEuropean stocks are heading for a higher open on Thursday after the Bank of England stepped in to calm the markets. You mean sells out its residents. the BoE Put Just like our FED with MBS. America still is addicted to free money. Now BOE just said the party is just starting again.
Source: nbcchicago - 🏆 545. / 51 Read more »