What To Expect in the Stock Market This Week (September 7 - 10)
...Because Monday is Labor Day
As I said in the Post last week, I came home for Labor Day so I do not have much of anything to say about the Stock Market for this week. My mind has been preoccupied with the fact that I am home and much too lazy to do any actual type of work. It is a struggle just to sit at my laptop and type this exert. What is it about being home that turns me into an absolute SLOTH?! I legit have no interest in doing anything other than watching shows with my mom and sister. The only bits of strength I get is when I bother my mom or sister. Apart from that, my bum remains on the same spot on the coach with a blanket over me.
But here are a couple of things to think about as we enter into the month of September properly. Historically September has been trash for investments.
But as they say Past results don’t guarantee future performance. So maybe 2021 bucks the trends. I mean so far nothing else makes sense in the markets.
Exhibit A: Job Gains Reversing Much Like I predicted last week
Expectations was for there to be at least 700,000 jobs added but we didn’t even sniff anywhere near that. Typically this news would be bad for the markets but on Friday, the markets hit another ALL TIME HIGH (except the Dow):
Year to Date:
S&P 500 is up 20.75%
NASDAQ is up 19.21%
DOW JONES is up 15.56%
The reason markets keep flying is simply as I mentioned due to the belief that the Fed will be forced to continue its easy monetary policy and continue propping up the markets. Rather than announcing tapering.
Plus take into the mix the recent natural disasters from Hurricane Ida to the Wildfires in the West. There now much more of a need for that $3.5 trillion infrastructure deal that Washington has been debating. Here is a crazy stat for you to think about: 1 in 3 Americans experienced some kind of Natural Disaster this summer, anything from heat waves to fires to flooding etc. This is per a study from the Washington Post.
Point is investors are expecting a lot more governmental support in the short term. And as we can see more money has been moving into equities and away from commodities and bonds.
So maybe September will buck the trend of the markets trend to go lower.
But maybe it won’t. As always invest with caution and with your eyes wide open. Knowing and more importantly UNDERSTANDING the risks of your choices.
NON MARKET STUFF
CR7 makes his return debut for Manchester United as they go up against Newcastle on Saturday
NFL returns on Thursday.
Anniversary of September 11 is on Saturday. Thinking about this because the US just pulled out of Afghanistan. If you are a Christian or a praying person, pray for the people of Afghanistan during this troublesome time.
Pray for all those affected by the Recent Storms, from Louisiana to New York and out west with all the fires.
I hope you all have A WONDERFUL short week. I may write something for Wednesday. If I am not too lazy.
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Remember GENEROSITY > greed
God bless Each and Everyone of y’all