Tough Open for September, but Broader Outlook Still Constructive Array ( [cookie] => dc79c8-1991bd-1536d3-2e9fb2-87bef4 [current_usage] => 2 [max_usage] => 2 [current_usage_crypto] => 0 [max_usage_crypto] => 2 [lock] => 1 [message] => [error] => [active_member] => 0 [subscriber] => 0 [role] => [visitor_id] => 25347 [user_id] => [reason] => [method] => ) 1 and can accesss

“In order to be big, you have to think big. If you think small, you're going to be small.” ~ Emeril Lagasse

Good evening:

The holiday-shortened trading week proved to be challenging, marking a poor start to the month. This was not entirely unexpected, given the historical seasonality challenges that typically confront investors in September. 

Head of Research Tom Lee also noted that, “We've had some data that's a little bit inflationary and on top of that, you know, people are kind of still trying to figure out if everything we're seeing is consistent with a soft landing or a hard landing.” 

“A lot of people are talking about the yield curve and how the curve is inverted,” he said. “But you know, since 1976, there have been 22 yield-curve inversions. And, of course, they've been five recessions. So that means the inversions have called a lot more recessions than have actually taken place,” he pointed out. “So I think maybe people are placing too much weight on the yield curve inversion as a signal for a recession, because it's actually less bulletproof than people realize.”