Volatility is ramping up this month

We knew the market was going to be volatile heading into the holiday-shortened week… and stocks didn’t disappoint. [Header]( Volatility Is Ramping Up This Month Dear reader, We knew the market was going to be volatile heading into the holiday-shortened week… and stocks didn’t disappoint. After starting off September with a big down day on Tuesday, stocks have attempted to bounce back… only to fail each time. The S&P 500 closed out the week on a four-session losing streak. This comes just two weeks after stringing together an eight-session winning streak. Stocks are still up for the year overall. But we’ve started to see new leadership in the past three months. The Invesco S&P 500 Equal Weight Fund (RSP) is up 3.3% versus the S&P 500’s (SPY) gain of 1.3% in the last three months. As you can see on the chart below, tech stocks – particularly semiconductor stocks – have lagged lately. [tech stocks]I view the recent action in both a positive and negative light… The bearish argument is that tech stocks are breaking down. This could lead to overall weakness in stocks as most investors were heavily weighted in the sector. The bullish argument is that the Equal Weight S&P Index’s move higher is a good sign. It shows the market is not only being led higher by a select few stocks. More sectors are starting to look good right now – including consumer staples, utilities, and homebuilders. Time will tell which side is correct. I believe there will be opportunities to buy into leading tech stocks this month at a nice discount. That said, it’s also important to have exposure to non-tech sectors in this type of environment. Now, let’s recap everything we talked about in Market Insights this week… Tuesday: Berkshire Hathaway (BRK-A) became the latest publicly traded company to reach a $1 trillion valuation. That’s a huge accomplishment. Only seven other U.S. stocks currently sit at similarly lofty valuations. More are poised to join the “Trillion-Dollar Club.” And many folks are wondering which company will be next. [Click here to read The Next Trillion-Dollar Company Is…]( Wednesday: We’re doing something new and exciting. Tim Bohen and I are taking your questions live on the new episode of the SteadyTrade Podcast. We have both been in this game a long time. We’re passionate about what we do and want to share our knowledge with the universe. [Click here to read We’re Answering Your Most Pressing Questions](. [STEP15]( Thursday: It might feel like everyone is piling into the market and winning big. But things aren’t so black and white. Imre Gams takes over Market Insights to share the truth about day trading… and how you can find success even when the odds are against you. [Click here to read The Odds Are Stacked Against Day Traders](. Friday: August’s jobs report is finally here. It could be an important catalyst – if not the most important catalyst – leading up to the next Federal Reserve meeting on September 18. And it didn’t disappoint... [Click here to read Breaking Down the Market’s Most Important Report](. [Matt McCall signature] Matt McCall Editor, Market Insights © Centurion Publishing 13809 Research Blvd, Suite 500, Austin, TX 78750 [CenturionPub.com]( *Results are not typical. Past performance does not indicate future results. All investing carries risk. Our Privacy Policy, along with our Term & Conditions, governs your use of this site. By using our site, or by accepting the Terms of Use (via opt-in, checkbox, pop-up, or clicking an email link confirming the same), you agree to be bound by our Terms & Conditions and our Privacy Policy. If you have provided personal, billing, or other voluntarily provided information, you may access, review, and make changes to it via instructions found on the Website or by replying to this email. To manage your receipt of marketing and non-transactional communications, you may unsubscribe by clicking the “unsubscribe” link located on the bottom of any marketing email. Emails related to the purchase or delivery of orders are provided automatically – Customers are not able to opt out of transactional emails. We will try to accommodate any requests related to the management of Personal Information in a timely manner. However, it is not always possible to completely remove or modify information in our databases (for example, if we have a legal obligation to keep it for certain timeframes, for example).If you have any questions, simply reply to this email or visit our website []( to view our official policies. To Unsubscribe [Click Here](