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2021-09-07

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Why 2021 Is the Kind of Year to Banish the September Stock Blues<blockquote>为什么 2021 年是消除 9 月份股市忧郁的一年</blockquote>

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{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":817204160,"tweetId":"817204160","gmtCreate":1630965730550,"gmtModify":1631891649799,"author":{"id":3571129545109571,"idStr":"3571129545109571","authorId":3571129545109571,"authorIdStr":"3571129545109571","name":"MrMrsBean","avatar":"https://static.tigerbbs.com/8f1ab99fec06884945521404915aec0e","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":23,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"","extraTitle":"","html":"<html><head></head><body>Please like and comment. Thx</body></html>","htmlText":"<html><head></head><body>Please like and comment. Thx</body></html>","text":"Please like and comment. Thx","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/817204160","repostId":1158349328,"repostType":4,"repost":{"id":"1158349328","kind":"news","pubTimestamp":1630913486,"share":"https://www.laohunote.com/m/news/1158349328?lang=zh_CN&edition=full","pubTime":"2021-09-06 15:31","market":"us","language":"en","title":"Why 2021 Is the Kind of Year to Banish the September Stock Blues<blockquote>为什么 2021 年是消除 9 月份股市忧郁的一年</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1158349328","media":"Barron's","summary":"Stocks famously perform poorly in September. But that may not necessarily be the case in a year like","content":"Stocks famously perform poorly in September. But that may not necessarily be the case in a year like 2021.<blockquote>众所周知，股市在 9 月份表现不佳。但在2021年这样的年份，情况可能不一定如此。</blockquote> Since 1928, the average September return for the S&amp;P 500 has been a 0.99% loss. That makes the month far worse than May, which ranks second in investor gloom with an average loss of 0.11%. But there’s a caveat here. History also finds that Septembers that follow strong gains earlier in the year tended to have positive returns. When the S&amp;P 500 rose by more than 13% over the first six months, the median September gain since 1928 rang in at 1.4%, according to Fundstrat.<blockquote>自1928年以来，标普500 9月份的平均回报率为0.99%。这使得本月比 5 月份糟糕得多，5 月份的平均跌幅为 0.11%，在投资者悲观情绪中排名第二。但这里有一个警告。历史还发现，在今年早些时候强劲上涨之后的9月份往往会有正回报。根据 Fundstrat 的数据，当标普500在前六个月上涨超过 13% 时，自 1928 年以来 9 月份的涨幅中值为 1.4%。</blockquote> Over that 93-year span, the S&amp;P fell in 54% of the Septembers. But when markets rose from January through June, 63% of the Septembers saw positive gains. Through June of this year, the S&amp;P 500 rallied 14%.<blockquote>在这93年的时间里，标准普尔指数在9月份下跌了54%。但当市场从 1 月到 6 月上涨时，9 月份有 63% 的股票出现正增长。截至今年6月，标普500上涨了14%。</blockquote> <img src=\"https://static.tigerbbs.com/dc9b7962b08fe42d27d182d586cf20e4\" tg-width=\"778\" tg-height=\"440\" referrerpolicy=\"no-referrer\">A similar trend applies to the year. Strategists atWells Fargo recently lifted their target for the S&amp;P 500 to a level that reflects more than 6% upside from current prices. Using data back to 1990, they say that in years in which the S&amp;P sees double-digit percentage gains for the first eight months, it rises another 8% to finish the year.<blockquote>类似的趋势也适用于这一年。Wells Fargo 的策略师最近将标普500的目标上调至较当前价格上涨 6% 以上的水平。他们使用 1990 年的数据表示，在标准普尔指数前 8 个月实现两位数百分比增长的年份，到年底还会上涨 8%。</blockquote> <img src=\"https://static.tigerbbs.com/23718a745d8c03556be0411afdf1af64\" tg-width=\"792\" tg-height=\"438\" referrerpolicy=\"no-referrer\">The S&amp;P 500 closed on Thursday at 4523, ending August with a year-to-date gain of 20.4%. But be aware of one thing: The ride could be bumpy. The S&amp;P 500 hasn’t had a pullback of more than 5% this year. With risks on the horizon—the Delta variant, inflation, high valuations, even a corporate-tax increase—stocks could easily correct. “Markets are ‘overbought’ and due for a pullback,” writes Fundstrat research head Tom Lee. Perhaps, but don’t be surprised if this market bucks the September blues.<blockquote>标普500周四收于4523点，8月份迄今上涨20.4%。但是要注意一件事：旅程可能会很颠簸。标普500今年的回调幅度没有超过 5%。随着风险的出现——德尔塔变异毒株、通货膨胀、高估值，甚至公司税的增加——股票很容易修正。“Fundstrat 研究主管汤姆-李（Tom Lee）写道：”市场'超买'，即将出现回调。也许吧，但如果这个市场不敌九月的忧郁，也不要感到惊讶。</blockquote> This&nbsp;Week&nbsp;<blockquote>本周</blockquote> Monday 9/6<blockquote>9/6星期一</blockquote> Stock and fixed-income markets are closed in observance of Labor Day.<blockquote>股票和固定收益为纪念劳动节，市场关闭。</blockquote> Tuesday 9/7<blockquote>星期二 9/7</blockquote> Casey’s General Stores and Coupa Software announce earnings.<blockquote>Casey's General Stores 和 Coupa Software 公布财报。</blockquote> Wednesday 9/8<blockquote>星期三 9/8</blockquote> Copart, GameStop,&nbsp;and Lululemon Athletica&nbsp;release quarterly results.<blockquote>Copart、游戏驿站和Lululemon Athletica发布季度业绩。</blockquote> Analog Devices hosts a conference call to discuss its capital-allocation plans and update its outlook for fiscal 2021. The company recently closed its $21 billion acquisition of Maxim Integrated Products.<blockquote>Analog Devices 召开电话会议，讨论其资本分配计划并更新其 2021 财年展望。该公司最近完成了对 Maxim Integrated Products 的 210 亿美元收购。</blockquote> Global Payments, Johnson Controls International,&nbsp;and ResMed&nbsp;hold virtual investor days.<blockquote>Global Payments、江森自控国际公司和瑞思迈公司举办虚拟投资者日。</blockquote> The Bureau of Labor&nbsp;Statistics releases the Job Openings and Labor Turnover Survey. Consensus estimate is for 10 million job openings on the last business day of July. In June, there were 10.1 million openings, the fourth consecutive monthly record.<blockquote>劳工局统计局发布职位空缺和劳动力流动调查。普遍估计7月最后一个工作日将有1000万个职位空缺。6月份，开业人数为1010万人，连续第四个月创纪录。</blockquote> The Federal Reserve reports consumer credit data for July. Total outstanding consumer debt increased by $37.7 billion to a record $4.32 trillion in June. For the second quarter, consumer credit rose at a seasonally adjusted annual rate of 8.8%, reflecting pent-up demand.<blockquote>美联储报告7月份的消费信贷数据。6 月份未偿消费者债务总额增加 377 亿美元，达到创纪录的 4.32 万亿美元。第二季度，经季节性调整后的消费信贷年率为 8.8%，反映了被压抑的需求。</blockquote> The Federal Reserve releases the beige book for the sixth of eight times this year. The report summarizes current economic conditions among the 12 Federal Reserve districts.<blockquote>美联储今年八次中的第六次发布褐皮书。该报告总结了12个美联储区当前的经济状况。</blockquote> Thursday 9/9<blockquote>星期四 9/9</blockquote> Home Depot&nbsp;hosts a conference call to discuss its ESG strategy, led by Ron Jarvis, the company’s chief sustainability officer.<blockquote>家得宝（Home Depot）召开了一次电话会议，讨论其 ESG 战略，由公司首席可持续发展官罗恩-贾维斯（Ron Jarvis）主持。</blockquote> Moderna hosts its fifth annual R&amp;D day to discuss vaccines in the company’s pipeline. CEO Stéphane Bancel will be among the presenters.<blockquote>Moderna 举办第五届年度研发日，讨论公司正在研发的疫苗。首席执行官 Stéphane Bancel 将是演讲者之一。</blockquote> Danaher holds an investor and analyst meeting, hosted by its CEO Rainer Blair.<blockquote>丹纳赫召开投资者和分析师会议，由其首席执行官雷纳·布莱尔主持。</blockquote> International Paper,&nbsp;Synchrony Financial,&nbsp;and Willis Towers Watson hold investor days.<blockquote>国际纸业、Synchrony Financial 和 Willis Towers Watson 举办投资者日。</blockquote> The European Central&nbsp;Bank announces its monetary-policy decision. The ECB is expected to keep its key interest rate unchanged at minus 0.5%.<blockquote>欧洲中心银行宣布其货币政策决定。欧洲央行预计将维持关键利率在负0.5%不变。</blockquote> The Department of Labor&nbsp;reports initial jobless claims for the week ending on Sept. 4. In August, claims averaged 355,000 a week, the lowest since the pandemic’s onset. This will also be the last week that the extra $300 from federal enhanced unemployment benefits is available. They are set to expire by Sept. 6.<blockquote>劳工部报告截至 9 月 4 日当周的首次申请失业救济人数。8 月份，平均每周申请人数为 35.5 万人，是大流行病爆发以来的最低水平。这也将是联邦增强失业救济金额外300美元发放的最后一周。它们将于9月6日到期。</blockquote> Friday 9/10<blockquote>9/10星期五</blockquote> The BLS reportsthe producer price index for August. Economists forecast a 0.6% monthly rise along with a 0.5% increase for the core PPI, which excludes volatile food and energy prices. Both jumped 1% in July.<blockquote>BLS报告8月份生产者价格指数。经济学家预测核心 PPI 将每月上涨 0.6%，核心 PPI 将上涨 0.5%，其中不包括波动较大的食品和能源价格。7 月份两者均上涨 1%。</blockquote> Kroger&nbsp;holds a conference calls to discuss earnings.&nbsp;Albemarle and Bio-Techne host their 2021 investor days.<blockquote>克罗格在评级召开会议讨论收益。雅宝和Bio-Techne举办2021年投资者日。</blockquote>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why 2021 Is the Kind of Year to Banish the September Stock Blues<blockquote>为什么 2021 年是消除 9 月份股市忧郁的一年</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy 2021 Is the Kind of Year to Banish the September Stock Blues<blockquote>为什么 2021 年是消除 9 月份股市忧郁的一年</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nBarron's2021-09-06 15:31\n\n</h4>\n</header>\n<article>\nStocks famously perform poorly in September. But that may not necessarily be the case in a year like 2021.<blockquote>众所周知，股市在 9 月份表现不佳。但在2021年这样的年份，情况可能不一定如此。</blockquote> Since 1928, the average September return for the S&amp;P 500 has been a 0.99% loss. That makes the month far worse than May, which ranks second in investor gloom with an average loss of 0.11%. But there’s a caveat here. History also finds that Septembers that follow strong gains earlier in the year tended to have positive returns. When the S&amp;P 500 rose by more than 13% over the first six months, the median September gain since 1928 rang in at 1.4%, according to Fundstrat.<blockquote>自1928年以来，标普500 9月份的平均回报率为0.99%。这使得本月比 5 月份糟糕得多，5 月份的平均跌幅为 0.11%，在投资者悲观情绪中排名第二。但这里有一个警告。历史还发现，在今年早些时候强劲上涨之后的9月份往往会有正回报。根据 Fundstrat 的数据，当标普500在前六个月上涨超过 13% 时，自 1928 年以来 9 月份的涨幅中值为 1.4%。</blockquote> Over that 93-year span, the S&amp;P fell in 54% of the Septembers. But when markets rose from January through June, 63% of the Septembers saw positive gains. Through June of this year, the S&amp;P 500 rallied 14%.<blockquote>在这93年的时间里，标准普尔指数在9月份下跌了54%。但当市场从 1 月到 6 月上涨时，9 月份有 63% 的股票出现正增长。截至今年6月，标普500上涨了14%。</blockquote> <img src=\"https://static.tigerbbs.com/dc9b7962b08fe42d27d182d586cf20e4\" tg-width=\"778\" tg-height=\"440\" referrerpolicy=\"no-referrer\">A similar trend applies to the year. Strategists atWells Fargo recently lifted their target for the S&amp;P 500 to a level that reflects more than 6% upside from current prices. Using data back to 1990, they say that in years in which the S&amp;P sees double-digit percentage gains for the first eight months, it rises another 8% to finish the year.<blockquote>类似的趋势也适用于这一年。Wells Fargo 的策略师最近将标普500的目标上调至较当前价格上涨 6% 以上的水平。他们使用 1990 年的数据表示，在标准普尔指数前 8 个月实现两位数百分比增长的年份，到年底还会上涨 8%。</blockquote> <img src=\"https://static.tigerbbs.com/23718a745d8c03556be0411afdf1af64\" tg-width=\"792\" tg-height=\"438\" referrerpolicy=\"no-referrer\">The S&amp;P 500 closed on Thursday at 4523, ending August with a year-to-date gain of 20.4%. But be aware of one thing: The ride could be bumpy. The S&amp;P 500 hasn’t had a pullback of more than 5% this year. With risks on the horizon—the Delta variant, inflation, high valuations, even a corporate-tax increase—stocks could easily correct. “Markets are ‘overbought’ and due for a pullback,” writes Fundstrat research head Tom Lee. Perhaps, but don’t be surprised if this market bucks the September blues.<blockquote>标普500周四收于4523点，8月份迄今上涨20.4%。但是要注意一件事：旅程可能会很颠簸。标普500今年的回调幅度没有超过 5%。随着风险的出现——德尔塔变异毒株、通货膨胀、高估值，甚至公司税的增加——股票很容易修正。“Fundstrat 研究主管汤姆-李（Tom Lee）写道：”市场'超买'，即将出现回调。也许吧，但如果这个市场不敌九月的忧郁，也不要感到惊讶。</blockquote> This&nbsp;Week&nbsp;<blockquote>本周</blockquote> Monday 9/6<blockquote>9/6星期一</blockquote> Stock and fixed-income markets are closed in observance of Labor Day.<blockquote>股票和固定收益为纪念劳动节，市场关闭。</blockquote> Tuesday 9/7<blockquote>星期二 9/7</blockquote> Casey’s General Stores and Coupa Software announce earnings.<blockquote>Casey's General Stores 和 Coupa Software 公布财报。</blockquote> Wednesday 9/8<blockquote>星期三 9/8</blockquote> Copart, GameStop,&nbsp;and Lululemon Athletica&nbsp;release quarterly results.<blockquote>Copart、游戏驿站和Lululemon Athletica发布季度业绩。</blockquote> Analog Devices hosts a conference call to discuss its capital-allocation plans and update its outlook for fiscal 2021. The company recently closed its $21 billion acquisition of Maxim Integrated Products.<blockquote>Analog Devices 召开电话会议，讨论其资本分配计划并更新其 2021 财年展望。该公司最近完成了对 Maxim Integrated Products 的 210 亿美元收购。</blockquote> Global Payments, Johnson Controls International,&nbsp;and ResMed&nbsp;hold virtual investor days.<blockquote>Global Payments、江森自控国际公司和瑞思迈公司举办虚拟投资者日。</blockquote> The Bureau of Labor&nbsp;Statistics releases the Job Openings and Labor Turnover Survey. Consensus estimate is for 10 million job openings on the last business day of July. In June, there were 10.1 million openings, the fourth consecutive monthly record.<blockquote>劳工局统计局发布职位空缺和劳动力流动调查。普遍估计7月最后一个工作日将有1000万个职位空缺。6月份，开业人数为1010万人，连续第四个月创纪录。</blockquote> The Federal Reserve reports consumer credit data for July. Total outstanding consumer debt increased by $37.7 billion to a record $4.32 trillion in June. For the second quarter, consumer credit rose at a seasonally adjusted annual rate of 8.8%, reflecting pent-up demand.<blockquote>美联储报告7月份的消费信贷数据。6 月份未偿消费者债务总额增加 377 亿美元，达到创纪录的 4.32 万亿美元。第二季度，经季节性调整后的消费信贷年率为 8.8%，反映了被压抑的需求。</blockquote> The Federal Reserve releases the beige book for the sixth of eight times this year. The report summarizes current economic conditions among the 12 Federal Reserve districts.<blockquote>美联储今年八次中的第六次发布褐皮书。该报告总结了12个美联储区当前的经济状况。</blockquote> Thursday 9/9<blockquote>星期四 9/9</blockquote> Home Depot&nbsp;hosts a conference call to discuss its ESG strategy, led by Ron Jarvis, the company’s chief sustainability officer.<blockquote>家得宝（Home Depot）召开了一次电话会议，讨论其 ESG 战略，由公司首席可持续发展官罗恩-贾维斯（Ron Jarvis）主持。</blockquote> Moderna hosts its fifth annual R&amp;D day to discuss vaccines in the company’s pipeline. CEO Stéphane Bancel will be among the presenters.<blockquote>Moderna 举办第五届年度研发日，讨论公司正在研发的疫苗。首席执行官 Stéphane Bancel 将是演讲者之一。</blockquote> Danaher holds an investor and analyst meeting, hosted by its CEO Rainer Blair.<blockquote>丹纳赫召开投资者和分析师会议，由其首席执行官雷纳·布莱尔主持。</blockquote> International Paper,&nbsp;Synchrony Financial,&nbsp;and Willis Towers Watson hold investor days.<blockquote>国际纸业、Synchrony Financial 和 Willis Towers Watson 举办投资者日。</blockquote> The European Central&nbsp;Bank announces its monetary-policy decision. The ECB is expected to keep its key interest rate unchanged at minus 0.5%.<blockquote>欧洲中心银行宣布其货币政策决定。欧洲央行预计将维持关键利率在负0.5%不变。</blockquote> The Department of Labor&nbsp;reports initial jobless claims for the week ending on Sept. 4. In August, claims averaged 355,000 a week, the lowest since the pandemic’s onset. This will also be the last week that the extra $300 from federal enhanced unemployment benefits is available. They are set to expire by Sept. 6.<blockquote>劳工部报告截至 9 月 4 日当周的首次申请失业救济人数。8 月份，平均每周申请人数为 35.5 万人，是大流行病爆发以来的最低水平。这也将是联邦增强失业救济金额外300美元发放的最后一周。它们将于9月6日到期。</blockquote> Friday 9/10<blockquote>9/10星期五</blockquote> The BLS reportsthe producer price index for August. Economists forecast a 0.6% monthly rise along with a 0.5% increase for the core PPI, which excludes volatile food and energy prices. Both jumped 1% in July.<blockquote>BLS报告8月份生产者价格指数。经济学家预测核心 PPI 将每月上涨 0.6%，核心 PPI 将上涨 0.5%，其中不包括波动较大的食品和能源价格。7 月份两者均上涨 1%。</blockquote> Kroger&nbsp;holds a conference calls to discuss earnings.&nbsp;Albemarle and Bio-Techne host their 2021 investor days.<blockquote>克罗格在评级召开会议讨论收益。雅宝和Bio-Techne举办2021年投资者日。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.marketwatch.com/articles/september-stock-market-outlook-51630703979?mod=markets\">Barron's</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite","SPY":"标普500ETF"},"source_url":"https://www.marketwatch.com/articles/september-stock-market-outlook-51630703979?mod=markets","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158349328","content_text":"Stocks famously perform poorly in September. But that may not necessarily be the case in a year like 2021.\nSince 1928, the average September return for the S&P 500 has been a 0.99% loss. That makes the month far worse than May, which ranks second in investor gloom with an average loss of 0.11%. But there’s a caveat here. History also finds that Septembers that follow strong gains earlier in the year tended to have positive returns. When the S&P 500 rose by more than 13% over the first six months, the median September gain since 1928 rang in at 1.4%, according to Fundstrat.\nOver that 93-year span, the S&P fell in 54% of the Septembers. But when markets rose from January through June, 63% of the Septembers saw positive gains. Through June of this year, the S&P 500 rallied 14%.\nA similar trend applies to the year. Strategists atWells Fargo recently lifted their target for the S&P 500 to a level that reflects more than 6% upside from current prices. Using data back to 1990, they say that in years in which the S&P sees double-digit percentage gains for the first eight months, it rises another 8% to finish the year.\nThe S&P 500 closed on Thursday at 4523, ending August with a year-to-date gain of 20.4%. But be aware of one thing: The ride could be bumpy. The S&P 500 hasn’t had a pullback of more than 5% this year. With risks on the horizon—the Delta variant, inflation, high valuations, even a corporate-tax increase—stocks could easily correct. “Markets are ‘overbought’ and due for a pullback,” writes Fundstrat research head Tom Lee. Perhaps, but don’t be surprised if this market bucks the September blues.\nThis Week \nMonday 9/6\nStock and fixed-income markets are closed in observance of Labor Day.\nTuesday 9/7\nCasey’s General Stores and Coupa Software announce earnings.\nWednesday 9/8\nCopart, GameStop, and Lululemon Athletica release quarterly results.\nAnalog Devices hosts a conference call to discuss its capital-allocation plans and update its outlook for fiscal 2021. The company recently closed its $21 billion acquisition of Maxim Integrated Products.\nGlobal Payments, Johnson Controls International, and ResMed hold virtual investor days.\nThe Bureau of Labor Statistics releases the Job Openings and Labor Turnover Survey. Consensus estimate is for 10 million job openings on the last business day of July. In June, there were 10.1 million openings, the fourth consecutive monthly record.\nThe Federal Reserve reports consumer credit data for July. Total outstanding consumer debt increased by $37.7 billion to a record $4.32 trillion in June. For the second quarter, consumer credit rose at a seasonally adjusted annual rate of 8.8%, reflecting pent-up demand.\nThe Federal Reserve releases the beige book for the sixth of eight times this year. The report summarizes current economic conditions among the 12 Federal Reserve districts.\nThursday 9/9\nHome Depot hosts a conference call to discuss its ESG strategy, led by Ron Jarvis, the company’s chief sustainability officer.\nModerna hosts its fifth annual R&D day to discuss vaccines in the company’s pipeline. CEO Stéphane Bancel will be among the presenters.\nDanaher holds an investor and analyst meeting, hosted by its CEO Rainer Blair.\nInternational Paper, Synchrony Financial, and Willis Towers Watson hold investor days.\nThe European Central Bank announces its monetary-policy decision. The ECB is expected to keep its key interest rate unchanged at minus 0.5%.\nThe Department of Labor reports initial jobless claims for the week ending on Sept. 4. In August, claims averaged 355,000 a week, the lowest since the pandemic’s onset. This will also be the last week that the extra $300 from federal enhanced unemployment benefits is available. They are set to expire by Sept. 6.\nFriday 9/10\nThe BLS reportsthe producer price index for August. Economists forecast a 0.6% monthly rise along with a 0.5% increase for the core PPI, which excludes volatile food and energy prices. Both jumped 1% in July.\nKroger holds a conference calls to discuss earnings. Albemarle and Bio-Techne host their 2021 investor days.","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,"SPY":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":3063,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":24,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/817204160"}