Historically, Jim Cramer says he's not a huge September fan. Here's why.
Darn it all, we had to get overbought just when the market bulls got all of the momentum. OK, plus 3.4% on the S & P 500 Short Range Oscillator , which I have trusted for decades during volatile times, is not the end of the world. But this market is susceptible to downturns whenever we get to plus 5% and the downturns hit the megacaps stocks right in the kisser each time. Will it happen again? Historically, I am not a huge September fan. You could normally expect it to be great on paper.
So my take is that we have to be very careful here. The march to 5% on the 20-year yield, if measured, will not cause a rupture — my term having just had a triple hernia operation — because we will be salivating over the coming Fed easing cycle. But if we get a whip to 5% in September, we just get earnings cuts ahead of October reports — and that, ladies and gentlemen, is what could make September a very difficult month indeed.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Michigan quarterback J.J. McCarthy shows support for suspended coach Jim Harbaugh with 'Free Harbaugh' shirtMichigan football players sent a clear message to their school before the first game of the regular season: They want their coach back. A number of Michigan players wore shirts in support of Jim Harbaugh, who was suspended for the first three games of the season.
Baca lebih lajut »
J.J. McCarthy leads Michigan to win without Jim HarbaughJ.J. McCarthy opened up the Wolverines' season with a bang, throwing three touchdowns in No. 2 Michigan's win over ECU.
Baca lebih lajut »
Michigan's JJ McCarthy backs suspended Jim Harbaugh with T-shirt messageMichigan quarterback J.J. McCarthy expressed support for suspended head coach Jim Harbaugh before the team's 30-3 win over East Carolina.
Baca lebih lajut »
N.J. beach was the only one that allowed Black tourists, but they made it a hip place to beThe legacy of Chicken Bone Beach in segregated Jim Crow-era Atlantic City lives on.
Baca lebih lajut »
What's new on Apple TV+ this month (September 2023)This September, the premiere of season 3 of The Morning Show and the debut of The Changeling highlight Apple TV+'s streaming schedule.
Baca lebih lajut »
What's new on Peacock in September 2023 | Digital TrendsPeacock is getting a jump on Halloween in September with tons of horror flicks, as well as the premiere of The Continental: From the World of John Wick.
Baca lebih lajut »