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."
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!
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
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!
Källa: CNBC - 🏆 12. / 72 Läs mer »
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
Källa: MarketWatch - 🏆 3. / 97 Läs mer »