September 2, 2020

Volatility Reports 09/02/20 Stock Market

“Best first day of September for the S&P +.75% since 2010.”

“The S&P 500 was up 7% last month. Here’s what it did the next month the past 15 times it was up at least 7%: You might notice a pattern. 5.0% 5.9% (3.1%) 0.5% 0.8% 5.7% 5.1% 9.4% 5.3% 3.4% 3.7% (0.5%) 0.1% 3.0% 4.5% for an Avg 3.2%” 

Does the above type of handicapping work? I doubt it.

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Sentiment among financial professionals propagated in the public sphere is predominantly bullish, as the above headlines. I have compiled over four weeks the content from the Twitter space provided by a sponsored compendium of TradingView. To date, 99% of all stock market posts are bullish in the face of the bulls proclaiming the market is climbing a “wall of worry,” Gives me a mind cramp.

This work by Jack Cahn is licensed under a Creative Commons Attribution-NonCommercial 4.0 International