SFY - Market Corrects On A Trade War Skirmish Not Saudi's Hot War
The market was fairly flat last week until Friday's correction, but the Dow Industrials and S&P 500 are still up about 2% for September, and we will likely see a strong close of the month due to quarter-ending window dressing. That's when many institutional investors accumulate fundamentally superior stocks in anticipation of reporting their third-quarter results and their list of quarter-ending stock holdings.
There were big new developments in short-term U.S. interest rates and geopolitical developments in the Middle East (which I'll discuss in detail later), but those events didn't impact the market much. The