September trading has officially started since we're post the volatile Labor Day weekend! The summer trading season is over, so it's time to take investors' focus away from the beach and back onto the economy…
And back onto the bearish September stock market performance I expect to see this month.
On Tuesday morning, Goldman Sachs revised down the growth for the U.S. economy. They pointed to a "harder path" for the American consumer and took GDP estimates down to 5.7% from 6%.
That's not a good sign.
I'm already bearish on September on the whole, and this just cemented the fact for me. |
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