Here’s an article suggesting caution for stocks this month.
Monday, stocks rose 2.2% in Asia but closed unchanged in Europe and in the U.S. as U.S. markets were closed for Labor Day.
Tuesday, stocks closed little changed in Europe but fell 0.6% in Asia and 0.7% in the U.S. on 16B shares traded. Precious metals fell 2%. The Dow and S&P 500 indices ended below 53,000 and 7700 respectively.
Wednesday, stocks gained slightly in Asia, ended little changed in Europe, and fell 0.7% the U.S. on 15B shares traded. The VIX rose 5% to close at 16.46. This article gives a nice summary of investing tips.
Thursday, stocks fell 0.7% in Asia, Europe, and the U.S. on 16B shares traded. The VIX rose 8% to end at 17.84. The 10-Year U.S. Treasury bond yield rose 2% to end at 4.94. Precious metals fell 2% and their miners lost 3%. The S&P 500 index closed below 7600. Apple closed above 320 and IBM ended above 230.
Friday, stocks declined 1.3% in Asia but advanced 0.5% in Europe, and 0.8% in the U.S. on 14B shares traded. The VIX fell 11% to end at 15.84. The 10-Year U.S. Treasury bond yield rose 1% to end at 4.98. Precious metals and their miners gained 1%. The S&P 500 index closed above 7600. Apple closed above 330 and IBM ended above 240. The CPI inflation measure for August confirmed our buying power continues to erode.