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U.S. Stocks, September Sell-off is Growing Concern

US Stocks, September Sell-off is Growing Concern

An extended equity rally driven by tax cuts and earnings, a economic expansion that is hitting its final stages, and new shocks to the system such as emerging market fears, geopolitical tensions and a trade war that targets Germany, China are all turning attention to the US stock market and the possibility that there could be a reversal and sell-off.

September is always a challenging month for stocks and a sell-off would not surprise many Wall Street professionals.

Some who argue against a sell-off are saying that earnings are still strong but historically speaking a sell-off is possible and has taken place in such an environment. What we are looking at here at Classiarius, is the short-term technical aspect of the rally, which seems from a technical standpoint, somewhat overdone. Can this market continue to rally? Sure if the US economy continues to expand, and trade tensions with China are eventually solved.

However, the idea of a healthy correction of 10 to 15 percent is in fact welcomed. We can surely see a rally into 2019 and 2020 in US stocks, Japanese stocks as well, but a short-term correction is looking like reality.

Focus on FAANGs, S&P 500 and other majors. EM might be a trigger. Note we do not give buy and sell trade ideas on this platform.

More in the coming week,

Team Classiarius

JMB

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Classarius is the only data driven news for blockchain, cryptocurrencies and technology from investment professionals.
Disclaimer: We do not provide investment advice or strategies, this article is not intended as such but only to provide you the reader with information. Please conduct your own research before any investment of any kind.

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