🍎 🍕 Less apples, more pizza 🤔 Have you seen Buffett’s portfolio recently?Explore for Free

Looking for Black Swans in September

Published 04/09/2024, 08:40
US500
-
HG
-
CL
-

September has just started and is already living up to its reputation of being the toughest month of the year for stocks.

The stock market sold off after the open and August's weak M-PMI report was released later on, which pressured equities further.

Commodities prices fell alongside stocks, led by oil and copper.

ISM PMI Vs. Real GDP Goods

Leading the way down in the S&P 500 were the semiconductor stocks, which have been especially volatile lately.

That's a bummer given that just yesterday, we wondered out loud what could possibly go wrong? We didn't have a good answer.

One account responded to our analysis by observing that he worries most when there doesn't seem to be much to worry about.

In any event, nothing really went wrong today other than the market dropped on news that was only mildly bearish and not at all surprising.

Investors might have decided to take some of their profits now and not wait for a Black Swan event to show up this month. Now we are back to thinking that stock prices could churn a while longer before resuming their climb.

Original Post

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.