The S&P 500 NYSEARCA: SPY rallied into month’s end to close August down just 1.8%.
Not a great month, but on a whole not bad considered the index was down over 7 percent at one point and volatility has picked up. The recovery rally has seen the financial sector NYSEARCA: XLF push higher but lower rates are adding to uncertainty as investors remain defensive.
In today’s video, we discuss current news and themes as we begin trading in September, along with sectors and stocks we like / dislike. Here’s a recap:
Stocks closed out a volatile August in a trading range.
Lower interest rates are weighing on relative performance for Financials.
Bond proxies are outperforming.
Stock Market Today Video – September 3, 2019
Twitter: @DanRusso_CMT
Author may have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
