StockThe Worst Month of the Year is Behind Us — Here’s What We Need to See for Better Times Ahead
The S&P 500 posted its worst month so far, with a 4.9% decline that’s pushed the year-to-date returns for this benchmark index almost in half. With elevated interest rates that may be with us for a while, investors have pushed stocks lower, in a move that has over 10% of large-cap stocks well into oversold territory. We’re talking about names such as McDonalds (MCD), Boeing (BA) and Blackrock (BLK), to name just a few. The...