September is starting to stink for the stock market: Morning Brief

27
4
Favorite

September is starting to stink for the stock market: Morning Brief

Yahoo Finance2021-09-20

But there are green pastures Against a noisy backdrop of mounting corporate earnings warnings and a steady drumbeat of market correction calls by Wall Street pros, I have been on a covert mission to ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（4）

littlekitten
·2021-09-20
Cool
Reply
4
Report
Kslee3943
·2021-09-20
Good
Reply
3
Report
ekwee75
·2021-09-20
Like pls
Reply
5
Report
Fold Replies
- JoHo:
  Done
  2021-09-20
  Reply
  Report
Darrs21
·2021-09-20
Kk
Reply
3
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2168502501?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-09-20 17:39","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2168502501","market":"us","top_or_hot":-1,"title":"September is starting to stink for the stock market: Morning Brief","media":"Yahoo Finance","content":"<div>\n<p>But there are green pastures\nAgainst a noisy backdrop of mounting corporate earnings warnings and a steady drumbeat of market correction calls by Wall Street pros, I have been on a covert mission to ...</p>\n\n<a href=\"https://finance.yahoo.com/news/september-is-starting-to-stink-for-the-stock-market-morning-brief-090934285.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>September is starting to stink for the stock market: Morning Brief</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSeptember is starting to stink for the stock market: Morning Brief\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-20 17:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/september-is-starting-to-stink-for-the-stock-market-morning-brief-090934285.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>But there are green pastures\nAgainst a noisy backdrop of mounting corporate earnings warnings and a steady drumbeat of market correction calls by Wall Street pros, I have been on a covert mission to ...</p>\n\n<a href=\"https://finance.yahoo.com/news/september-is-starting-to-stink-for-the-stock-market-morning-brief-090934285.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NFLX","symbol_name":"奈飞","start_time":0,"source_url":"https://finance.yahoo.com/news/september-is-starting-to-stink-for-the-stock-market-morning-brief-090934285.html","article_id":"2168502501","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2168502501","pubTimestamp":1632130774,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"But there are green pastures\nAgainst a noisy backdrop of mounting corporate earnings warnings and a ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"NFLX":"奈飞","CSCO":"思科","QNETCN":"纳斯达克中美互联网老虎指数","SPY.AU":"SPDR® S&P 500® ETF Trust"},"translate_title":"九月份股市开始变臭了：早间简报","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NFLX":0.9,"QNETCN":0.9,"CSCO":0.6,"SPY.AU":0.6},"content_text":"But there are green pastures\nAgainst a noisy backdrop of mounting corporate earnings warnings and a steady drumbeat of market correction calls by Wall Street pros, I have been on a covert mission to find a few good things for investors to chew on midway through a volatile September.\nI inhaled a whiff of hopium on the surprising August retail sales report that showed consumers are spending their stockpile of savings (or higher wages from their new gig) on a fresh pair of jeans or back-to-school supplies for their kids.\nFor the record, I expected the report to miss economists' estimates due to soft weekly reads on consumer mobility due to the surging Delta variant. So this upbeat report left me with egg on my face. But that's OK, there is nothing wrong (usually) with getting good economic data.\nDare I say the consumer sentiment report on Friday was a bright spot. Even though it fell short of estimates, it did improve slightly from August despite delayed office reopenings and Delta fears.\nTo top my search for a new pair of rose-colored glasses, Cisco Chairman and CEO Chuck Robbins told Yahoo Finance Live that his business is pretty solid right now.\n\"It's healthy [the global economy], but obviously the comparisons are going to become tougher as we move forward. I think you got to just look at the math and make sure you don't read too much into the mathematical change. But from what we see right now, the spending from our customers is very balanced,\" Robbins said.\nI loved hearing that. That said, despite this greener pasture, the markets — just like my bumbling New York Yankees — are starting to pile up the losses this month. The data doesn't lie.\n\nOn Friday, the S&P 500 slipped below the key 50-day moving average. The index is about 7.5% away from its 200-day moving average. In case you were wondering why you should care: Market sentiment is taking a turn for the worse.\nGlobal equities have fallen for two straight weeks.\nFor the first time in 10 months, fewer than 75% of S&P 500 stocks closed above their 200-day moving averages on Friday, according to SunDial Capital Research. That ended the fourth longest positive streak since at least 1928.\n\nSo what gives here?\nPick your poison, as to why the market may be correcting at the pace of a melting ice cube, as characterized by Morgan Stanley's chief investment officer Mike Wilson.\nFirst, earnings warnings have caused the upward momentum in analyst estimates to cool down. Remember, this upward momentum in profit estimates has been like oxygen to the market. \"Throughout 2021, stocks have trended higher alongside upward revisions in EPS estimates for this year and next. In recent months, though, the pace of these revisions has slowed, and so too has S&P 500 momentum,\" reminds Julian Emanuel, BTIG chief equity and derivatives strategist.\nMeanwhile, the Federal Reserve meeting this week could serve up a dot plot that brings forward interest rate hikes. What long trader wants to see that headline cross the newswires in the afternoon? (Answer: none).\nAnd then, there is a budding realization by investors that the fall could bring headline risk to stocks. Read Treasury Secretary Janet Yellen's warning in a WSJ op-ed about a borderline government catastrophe (that feeds into household catastrophe) if the debt ceiling isn't raised soon. It should be a wake-up call even for the most hardcore of bulls.\n\"Perhaps contributing to investor caution is the gauntlet of deadlines ahead in Washington — pushback against spending levels and “pay fors” complicates the goal to finalize the budget bill ahead of the targeted 9/27 infrastructure vote, while the debt ceiling suspension expires on 9/30 with extraordinary measures exhausted in October — coinciding with traditional fall volatility,\" Emanuel adds.\nSo in other words, there is a lot going on across the board for investors to contemplate.\nAt this point, bring on October. Hopefully it will include a New York Yankees playoff run and the return of the bull on Wall Street.\nOdds and ends\nNetflix: On Sept. 25, Netflix (NFLX) will hold its first-ever \"fan event\" via a livestream where it will show off its upcoming content. The stock has gone up 13% headed into the event, lifting expectations so high that the stock may fade on any positive news. But beyond the day, the event could stoke optimism on Netflix's 2022 subscriber outlook. \"At the end of the day, Netflix's stock moves on subscribers. If [the content slate] it causes the subscriber growth to reaccelerate, the stock goes higher from here,\" EvercoreISI tech analyst Mark Mahaney told Yahoo Finance Live.\nSears: We all have a job to do, so hat tip to a Sears [now known as Transformco] spokesman for trying to portray his company as alive and kicking. After I reported (along with other news outlets) that the last Sears store in its hometown of Illinois was closing in November, the spokesman said in an email:\n\n \"There are Sears Hometown stores in Illinois and other states that carry a significant assortment of hardlines, including Kenmore products, and are primarily operated by independent dealers or franchisees of an affiliate of Transformco. In total, there are more than 300 large and small format Sears and Kmart stores nationwide, including 11 in Illinois. In addition, Transformco is very focused on growing sears.com and the Sears Home Services business. The 11 are small format Sears Hometown Stores operated by independent dealers or franchisees of an affiliate of Transformco. But Sears stores, nonetheless. It was incorrect for news outlets to say that “Sears closed its last store in Illinois.”\n\nA nice play on words, but technically the last Sears store OWNED by Sears/Transformco in its hometown closed. I have a job to do, too — it's called reporting the facts.\nWhat to watch today\nEconomy\n\n10:00 a.m. ET: NAHB Housing Market Index, September (74 expected, 75 in August)\n\nEarnings\n\nNo notable reports scheduled for release\n\nPolitics\n\nPresident Biden will make his way to New York City for three days of meetings at the United Nations General Assembly. The president kicks things off with a bilateral meeting with UN Secretary-General António Guterres this evening. Biden will then speak to the assembly Tuesday and host a virtual COVID-19 Summit on Wednesday.\nBoth the U.S. House of Representatives and the Senate return to Washington this afternoon with deadlines looming. The lawmakers want to avoid a government shutdown and pass the infrastructure deal by the end of the month. They also hope to avoid a government debt default and pass Biden’s package of social spending soon afterwards.\n\nTop News\n\nEuropean stocks fall on energy market crunch, Asia property market jitters [Yahoo Finance UK]\nSenate parliamentarian deals blow to Dems' immigration push [Reuters]\nU.S. default date is estimate Congress wants, Yellen can’t give [Bloomberg]\nApple joins streaming elite, Netflix crosses milestone with Emmy wins [Reuters]\n\nYahoo Finance Highlights\nFacebook exec says stablecoins 'probably' require more regulation\nChina: 'We really are not even in the beginning stages' of the tech crackdown, short-seller says\nYouth involved in the stock market 'is here to stay': Teen investor","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":860135226,"gmtCreate":1632145116265,"gmtModify":1676530709924,"author":{"id":"3584860762907200","authorId":"3584860762907200","name":"littlekitten","avatar":"https://static.tigerbbs.com/ccd59ff6c96999c839e3b5709cfb00ef","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3584860762907200","authorIdStr":"3584860762907200"},"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/860135226","repostId":2168502501,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":860329447,"gmtCreate":1632138520289,"gmtModify":1676530708129,"author":{"id":"4093596659918630","authorId":"4093596659918630","name":"Kslee3943","avatar":"https://static.tigerbbs.com/90de15ce5511304affa25cca2ddef30b","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4093596659918630","authorIdStr":"4093596659918630"},"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/860329447","repostId":2168502501,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":860333466,"gmtCreate":1632132612155,"gmtModify":1676530707178,"author":{"id":"4089243155506890","authorId":"4089243155506890","name":"ekwee75","avatar":"https://static.tigerbbs.com/0153ac90bb3fdc15c51f6ceee1573987","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"4089243155506890","authorIdStr":"4089243155506890"},"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/860333466","repostId":2168502501,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5934302,"gmtCreate":1632142742035,"gmtModify":1634791268201,"authorId":3571654919705737,"author":{"id":3571654919705737,"idStr":"3571654919705737","authorId":3571654919705737,"name":"JoHo","avatar":"https://static.tigerbbs.com/f6abe4a1fabaa50223737e93c50ec182","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":860333466,"type":1,"supId":0,"prevId":0,"content":"<u>Done</u>","text":"<u>Done</u>","html":"<u>Done</u>"}],"langContent":"EN"},{"id":860339903,"gmtCreate":1632132326702,"gmtModify":1676530707144,"author":{"id":"3572053070508728","authorId":"3572053070508728","name":"Darrs21","avatar":"https://static.tigerbbs.com/4369b2898eb8897a14eac55da66c4ba5","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"3572053070508728","authorIdStr":"3572053070508728"},"htmlText":"Kk","listText":"Kk","text":"Kk","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/860339903","repostId":2168502501,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":27,"commentSize":4,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}