Market news
Since 1970, September has been the worse month for the markets. No specific reason is given though.
We came into the first week of September, with a wave of selling pressure, and it looked like the market would give back its recent gains, and rollover. Hence, September.
Instead, the bulls pounced on the Bears. And last week, multiple records fell for the Dow Jones, and S&P 500!
Investors were enthuse by the ½ point rate cut.
Most investors believe that by cutting interest rate, lowers the chances for a recession and investors feel that the rally has spread out beyond the ‘Mag 7 stocks.
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