September tends to be one of the most volatile months for the stock market so let’s take a snapshot of where we are today.
First up SPY, we are down 7.81 percent from post-COVID peak:
Next up QQQ, which is down 9.89 percent from post-COVID peak.
And finally, XHB which is only down 5.23 percent from post-COVID peak despite mortgage rates approaching 7.5 percent and the Fed intent on hiking higher to tame inflation.
The next six weeks will be critical to the stock market so be sure to stay tuned, stay profitable and stay solvent…