Trading Opportunities Under August Curse! Market Awaits Dovish News Next Week!
@Tiger_comments:
As of August 16th, $DJIA(.DJI)$ has declined by 1.72% since the beginning of August, $NASDAQ(.IXIC)$ has fallen by 4.98%, and $S&P 500(.SPX)$ has dropped by 3.29%, putting an end to five consecutive months of gains.Major indices’ pullback reinforces August curseAugust curse in the context of the stock market refers toa historical trend where the month of August tends to be associated with stock market declines or increased market volatility.Historically, July has been a bullish month for the stock market, but as August approaches, market volatility tends to rise.Market awaiting dovish news?The Federal Reserve Bank of Kansas City will host the 2023 Econo