Stocks pulled back Monday as a major selloff in China set the stage for a rough day on the US markets. In the day's only economic news, business activity in the Midwest picked up at a faster pace than economists had expected. It was the highest reading since September 2008. Read and listen to what the experts had to say ...
Equities Will Continue to Gain in September
September is historically the worst month for equities, but Par Magnusson, senior analyst at Danske Bank remains optimistic about the future of equitiesover the next few months. “The labor market and the consumer is being brought back from the dead—and if it doesn’t do that then the equities will have a tough time,” he said.
US to ‘Take a Breath’ After Massive Rally
"We believe that in the foreground we could see U.S. taking a breath after a massive rally," said Sebastian Paris-Horvitz from Axa Investment Managers. "We see better opportunities to tactically enter this market by the end of the year. The market needs to reassess a little bit how sustainable this recovery will be."
Finding a Balance for Oil’s Price
"One is always trying to strike a balance between a price level that sustains interest in investment and doesn't penalize the global economy," said David Fyfe from IEA. “Any risks in the current fragile environment of any unexpected surge in prices is something that would be unwelcome at the time."