Investors can go to school on the lessons learned from September 2-5, 2020. Each day's lessons can help determine the longer-term implications, suggesting either a turning point, a correction, or a bump. (As usual, my views focus on shepherding the assets of institutions and individual long-term investors.)
Record Index Highs of September 2nd
All investors are captive to the media and pundits on their platforms. In this "sound-bite" world, the movement of "the market" is described by referencing one or more "popular indices." If you believe them, the market achieved a high in terms