Let's front-run the September-October weakness Another chunk of investors is equally pessimistic, but for a different reason.
2) Corporate buybacks, which have been exceptionally strong this year — likely a record for the S & P 500 — will likely slow soon because corporations will be entering blackout periods for several weeks heading into earnings.
The S & P 500 is less than 3% from its historic high.
The last time the S & P 500 had a 10% correction was July 31 to Oct. 27, 2023 (10.3% drop).
That's what happens with high valuations and a slower economy.
Persons:
payrolls, It's, Goldman Sachs, nonfarm payrolls
Organizations:
Traders, Citi, Nvidia
Locations:
factoids