Our weekly regular on the Closing Bellis Jordan Kotick head of global technical strategy for Barclays Capital. In this post, he's telling us what to look for in the month of September.
Q – Equities have started September on a weak footing. What are your thoughts on this and what should we be watching?
A – A weak September is seasonally consistent so that is not unexpected. HealthCare tends to outperform on a relative basis during risk aversion or heightened equity volatility as shown on the first chart (click here to see the chart: HealthCare vs the S&P). Therefore watching for signs of an impending upside move will be important in gauging the extent of the autumn correction.