What Will End First, Summer Or The Rally?
by Rob Isbitts, Sungarden Investment Research
Tuesday, September 22 is the last day of summer. But in the era of Covid-19, the days, weeks and seasons tend to blend together more than they used to.
Still, Wall Street has many traditions, and we are in the midst of one right now. The “summer rally” may be a result of big-money traders and hedge fund managers taking time off in the lazy days of late August. Trading volume is down, and that allows those who remain to frolic with less of a headwind than they otherwise might.
Source: http://econintersect.com/pages/investing/investing.php?post=202009022306
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