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‘Psychology has changed very quickly’: Why stock market lows could be retested as the S&P 500 enters its weakest period of the year

With summer ending, US stock markets are bracing for a potentially volatile downturn. “Recession fears are most likely to retest June lows,” Ed Crisold, chief U.S. strategist at Ned Davis Research, said in an Aug. 31 note. “In light of seasonality, retesting may occur in the coming weeks.” According to the note, history shows the … Read more

What does Friday’s jobs report mean for markets? ‘Too hot’ could cause stocks to fall, market expert says

Friday’s monthly U.S. jobs report again hit the stock market as Federal Reserve Chairman Jerome Powell last week reaffirmed his plans to keep raising interest rates to keep inflation down despite risks of a recession. , said Tom Essay, a former Merrill Lynch trader. Founder of the newsletter Sevens Report. The Labor Department’s monthly employment … Read more