Here is what you should know…
September hasn’t been good to many investors and LPL Financial chief market strategist Ryan Detrick feels the same way.
According to Yahoo, Detrick warned, “Here comes the worst month of year. Although this bull market has laughed at nearly all the worry signs in 2021, let’s not forget that September is historically the worst month of the year for stocks.”
“Even last year, in the face of a huge rally off the March 2020 lows, we saw a nearly 10% correction in the middle of September,” Detrick added.
“Let’s be honest, stocks can’t go up forever.”
There is some good news though, Detrick warned that if the stock market sticks to tradition and has a pullback in September like predicted, it might be a good chance for you to buy in at the right time.
“We remain in the camp that any weakness, should it occur, could be short-term and likely be contained in the 5%-8% range,” said Detrick.
“This bull market is alive and well and we would view any potential weakness as an opportunity,” he finished.
On average, the stock market performs the poorest in September.
To long term investors like myself, this means nothing.
I’ll buy when the market is down.
I’ll buy when the market is up.
I’ll buy when the market is flat.
To build long term wealth, you should too.
— Gavin | Pursuit Finance (@PursuitFinance) September 1, 2021
* Additional Disclaimer: All content provided by this newsletter is for informational and educational purposes only and is not meant to represent trade, investment, or healthcare recommendations.