4.3 • 1.2K Ratings
🗓️ 30 August 2019
⏱️ 22 minutes
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0:00.0 | That's money starts right now. |
0:02.0 | Live for the Nazzac market site overlooking New York City's Times Square. |
0:05.0 | I'm Melissa Lear. Traders on the desker Carter Worth, Dan Nathan Guy Dami, |
0:08.0 | and we're also joined by Jeff Mills, chief investment officer at Brinmore Trust. |
0:12.0 | Right on. Going out with a bang, the S&P 500. Chief Investment Officer at Brynmore Trust. |
0:13.0 | Going out with a bang, the S&P 500 handing in its best week since early June, but that wasn't |
0:17.5 | enough to turn the market's positive for the month. |
0:19.7 | All three major averages ending August in the red, the NASDAQ, the worst performer. So with August, |
0:25.3 | was August just the calm before the storm. Look at the big month ahead. We've got a new round |
0:29.7 | of tariffs kicking in Sunday. That's followed by the jobs report later next week. Then |
0:33.8 | the Central Banks take center stage with the ECB meeting in mid-September and then |
0:37.6 | the biggie, the Fed decision September 18th. So are we heading into a |
0:41.4 | September to remember for a fall to forget guy? |
0:46.0 | Can it be both? |
0:48.0 | Because I think people will remember September in the fall to forget. |
0:52.0 | Right? |
0:53.0 | So in this case, the answer is your question is both of them. |
0:56.5 | And welcome to Jeff Mills. |
0:58.0 | Look, it made sense to me that the market rally this week, end of the month, people away for the long holiday weekend, I get it. |
1:04.8 | We talked about it earlier in the week, but I believe that the next couple of weeks will be |
1:09.4 | as dicey appeared for the market as we've seen in some time. I still think the market |
1:13.6 | sell-off will culminate with the Vicks around 31. The Vicks actually on a |
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