August brought many investors back to reality following July’s market rebound, as the markets continued their summer carnival ride. The Wilshire 5000 dipped nearly 5% as renewed worries of a double-dip recession weighed heavily on the markets. Investors were in full swoon as well, as bullish sentiment in
As we go to press, investors seem to be feeling a sense of renewal at the start of a new month. On the first trading day of September, there was a broadbased surge in the markets, as manufacturing data surpassed expectations and eased doubts of a double-dip—at least in manufacturing. Granted, this is only one day out of 21 trading days in the month, so anything can happen. Better-than-expected readings from the housing market and retail segment on Thursday are encouraging signs going forward as well. Jobs data could go a long way to either confirming that the fragile economic recovery is gaining strength, or it could further muddy the waters.
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