We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
The joy of last week's rally is fading fast as stocks faltered once again on Monday. Leading the downward charge were bank stocks as lower bond rates = lower spreads on loans = lower profits for banks.
Gladly, lower rates has proven to be a good elixir for the broader stock market as it makes equities look like a much better value than an investment in bonds. However, that low rate elixir may have no potency until this HOTLY contested Presidential Election is over.
Monday night it got even hotter with the first of three Presidential Debates. Even though the polls have tightened up, there is still an assumption that Clinton is leading. However, if Trump is deemed a clear victor of the debate, then Wall Street may need to recalibrate what that means for the market. It may just be a sector rotation to things that would benefit from his Presidency. Or it could be a typical pullback that is borne of lack of clarity on who wins in November. So watch this action closely today.
I continue to be of the mind that all this short term volatility is a healthy phase for the market. It shakes out the complacency borne of a 7 month smooth ride from the February lows. And provides patient investors with another good opportunity to buy more on the dip.
While you get ready to pounce, I recommend that you bone up on some better investment strategies. This fresh article on Zacks.com will you do just that:
Companies with strong sales growth to keep an eye - Regeneron Pharmaceuticals, Inc. (REGN), Nordstrom Inc. (JWN), The Priceline Group Inc. (PCLN), Nu Skin Enterprises Inc. (NUS) Read More »
The joy of last week's rally is fading fast as stocks faltered once again on Monday. Leading the downward charge were bank stocks as lower bond rates = lower spreads on loans = lower profits for banks.
