Market Insight September 06, 2020

Weekly Commentary & Strategy

Last week, the market sell-off suggests that the “Bloom is off the Rose” and Nasdaq, U.S. tech heavy index, will take the brunt of that change of heart. September trading is back with volatility, but not above the expected range, in our view. After the March market bottoming, stock market had a steady path higher, with minimal fluctuation. On Thursday, the U.S. market
sold off by 3%, followed by another 2% on Friday, as tech stocks sold off after a lengthy winning streak. Since 1945, this is the first time that the stock market rallied more than 50% after a 25% slump in the same calendar year, according to Morningstar data….