Fast Money Blog- 9/1/23

Historically the end of August is one of the quietest months in the stock market. However this year was an exception.

This past Tuesday and Wednesday (Aug. 29th and 30th) saw a short covering rally, meaning institutional traders bought millions of shares, sending stock prices dramatically higher. 

Tech stocks like Apple, Inc. (AAPL), Alphabet, Inc. (GOOGL) and Salesforce, Inc. (CRM) all saw an uptick during the week. Moreover, Tuesday brought positive data as it related to bonds, making stocks more attractive to investors. 

I expect stocks to stay range-bound from Tuesday, Sept 5th through 9/11.

Historically the market begins to rise post 9/11 as the 4th Quarter rally starts. 

Let the games begin! There’s so much to look forward to!

Stay Open! Stay Positive!

Tyrone Jackson, The Wealthy Investor