Market Commentary

Where is the Market Going?

Where is the Market Going?

We are in September after a healthy move up for August. In fact, the stock market benchmark S&P 500 has risen every month for the last 7 months in a row. That is one of the longest winning streaks ever. It has made 13 record highs in August.

September usually is noted for weakness, and if that occurs this year I would suggest it is a buying opportunity. There is too much liquidity and spending momentum coming out of Washington to suggest a recession any time soon. Yes, stocks are overvalued in many sectors and everything can change quickly but history tells us to stay with stocks.