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September 07, 2018


Downward pressure on stocks continued today, logging a losing week for the major averages and 4th straight day of losses for the NASDAQ and S&P500. Today's jobs report was higher than expected with a gain of over 200,000 jobs for August. More tariffs against China stole the spotlight as investors sold into the news. As is the case this year, any tariff action has been followed by a brief selloff. The markets then bounce back. This situation should be no different. September is historically one of the worst performance months out of the year though. We will be patient in our upcoming trades.