Fast Money Blog- 9/2/22
Once again this week will saw typical August behavior in the stock market, which meant that stocks like Lowe’s Inc. (LOW) and Home Depot (HD) and Amazon.com (AMZN) slightly declined in value.
Keep in mind that in the month of August institutional traders for banks, college endowments and hedge funds go on vacation. Because of this lack of trading volume, other institution take profits.
I expect the market to begin its bullish march sometime after 9/11.
Stay Smart. Stay Patient.