S&P 500 Notches Third Straight Weekly Decline

Fundstrat Direct Team

“Do not confuse movement with action. Know when to sit and wait.” ~ Jim Rogers

Good evening:

August certainly continued to challenge investors this week. “We’re caught in a pretty bad downtrend at the moment,” Head of Research Tom Lee acknowledged, asking rhetorically: “Does this feel like the start of a larger selloff?” 

His answer: “It’s possible,” he admitted, though his view remains that the current market is displaying choppiness rather than the beginning ...

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