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Stocks End Three-Week Losing Streak Despite Challenges From Surging Yields, Seasonality

FS Insight Team

“Science is the great antidote to the poison of enthusiasm and superstition.” ~ Adam Smith

Good evening:

August has been a challenging month, and we opened this week with the S&P 500 down around 5% for the month. China’s economic woes, rising oil prices, and surging yields here in the U.S. have only added to the challenging seasonality associated with the month of August. Although the market ended up on Friday and slightly higher for the week, Head of Research Tom Lee said he wa...

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