Critical information ahead of the U.S. market’s open
by Barbara Kollmeyer
Goodbye, August, and don’t let the door hit you on the way out. The S&P 500 index could be in for a whopping 0.3% gain this month, which means the beach bums didn’t miss much.
Bring on September and some big losses as well? Michael Brush, writing for MarketWatch, rattles off seven reasons why stocks are primed for a 5% to 10% drop. Some of those sound familiar — interest rate worries, politics, investors and the media (whaaaaaat?) are too bullish — but he also offers up some ideas on how to prepare.
Cracked Market’s Jani Ziedins agrees a big stock move is coming, but says it’ll be a few weeks before the direction is clear. Even though Friday’s jobs data is fairly important for markets and interest rate chatter, big money managers won’t really be on deck until after Monday’s Labor Day holiday, he notes.