Even before the sell-off occurred, several institutional investors had advised clients to temper bullishness with caution — especially in a year full of surprises., for example, shifted to a mild underweight on developed-market stocks amid the frantic rally.
"Even with a strong summer rally for US equities, there are plenty of bearish divergences across indicators moving into the worst month of the year of September," Suttmeier said in a recent note. for stocks on average since 1950, and October has also been weak in election years, according to data compiled by LPL Financial. The potential dangers ahead for investors go beyond what the almanac says. Suttmeier lays out several technical indicators that did not improve while stocks ripped higher during the summer.
The share of stocks above their 10-, 50-, and 200-day moving averages is lower now than it was in June, when the market last experienced a drawdown of note. Technical analysts consider it bearish when a stock's spot price falls below one of these longer-term averages.
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:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside McDonald's whirlwind week and how brands are using TikTok - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Wall Street Week Ahead: U.S. stock market surge may run into scary SeptemberA scorching stock market rally that pushed the benchmark S&P 500 to its best August in more than 30 years is entering what is historically the most volatile two-month stretch of the year, increasing the likelihood of market turbulence in the final stretch before the U.S. presidential election. the surge is based on umlimited QE. print more and more dollars. the bigger the bubble is. in the end, the faster and deeper the roller coaster goes
Source: Reuters - 🏆 2. / 97 Read more »
Stock market sell-off: Investing strategy, how to trade for recovery - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. The Matrix Feeds The Matrix - Sometimes
Source: BusinessInsider - 🏆 729. / 51 Read more »
Insider Transportation: EV startups take a new road to public markets - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
A BlackRock investment chief says market's big sell-off was 'healthy' recalibration - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
US stocks trade mixed as major tech sell-off offsets strong labor-market data | Markets InsiderSummary List Placement US stocks traded mixed Friday after the August jobs report showed strong job additions and a better-than-expected unemplo... Hi, I will provide you with the BEST Quality B2B, B2C lead of any business sector/category that you can use to increase your sales or increase your Business traffic. To Take My Serves Please DM/PM me or Visit My Gig: leadgeneration B2B Businessleads
Source: BusinessInsider - 🏆 729. / 51 Read more »