top of page
Strength of the Market
a weekly blog on what's happening in Financial Markets

The Strength of the Market is: Strong

The stock market slide continues. Now, at three consecutive weeks and counting. Following an outstanding month of August, stocks are on pace for their worst September in a decade. Today's sell-off is headlined by concerns over Politics - complex Stimulus negotiations, an upcoming Supreme Court nomination process & November's Presidential Election - and Covid-19 - the U.K. and other European countries are considering locking down their Nations yet again. Last week, the Federal Reserve kept interest rates near zero and indicated that they will stay that low for years to come. In addition, Jobless Claims, although still very high, have been under 1 Million for 3 weeks in a row. On a positive note, Manufacturing, Housing & Consumer Confidence numbers all beat analyst expectations in their most recent reports. The week ahead, Manufacturing, Housing and Jobless Claims are, again, the main economic reports that will be released. 

As stocks start to get closer to correction territory, it is natural to get a little bit nervous. Putting emotions aside, as of today, our trends research analysis is still showing strength - giving a thumbs up.


bottom of page