What spooked the market last week
After our Labor Day break last week, we’re back in the saddle this week with the Monday Morning Kickoff. While we’d rather be talking about a market rally, it was only a matter of time before the market finally came to grips with the economic and employment realities we’ve been pointing to readers for months now.
September tends to be the worst performing month of the year for the market, and last week certainly reminded us of that reality. What ties knots in our stomachs is that for the most part, today’s market valuations are based upon earnings expectations for the second half of the year that we see as overly optimistic, to say the least.
It’s going to be a wild ride, so let’s buckle up and get right into it . . .
Chris Versace
Chief Investment Officer
Tematica Research
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- Federal Reserve Bank of Boston President Eric Rosengren
His comments went a long way to rocking the market last week — they had us shaking our heads too — but there was far more that happened last week that spooked investors and finally broke the range-bound market, unfortunately in the wrong direction.  Read More >> - The Surprise Data Point We Received Last Week
Sprouts Farmers Market (SFM) revised its guidance for the third quarter and for the full fiscal 2016 last week — what drove the change and what it means for the entire sector.  Read More >>
- August Retail Sales and Industry Production Report
We’re looking to see continued strength in utility production given the hot, hot, hot month of August, but more importantly, we’ll be on the lookout for data to get a bead on how September is shaking out and what the overall third quarter is looking like .  Read More >>
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