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Buy the Dip With These Top-Ranked ETFs

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22.09.2021

Wall Street ended on a negative note last week and the week before that, strengthening the worth of the adage that September is historically the worst month of the year for stocks. The S&P 500, the Dow Jones and the Nasdaq Composite lost about 0.6%, 0.07% and 0.5%, respectively. The S&P 500 is on its way toward its first monthly decline since January. The Russell 2000 added only 0.42% last week.

This week seems to be no different as of now. The S&P 500 started the week posting its worst daily performance since May 12, per CNBC. Each of the 11 sectors of the benchmark recorded losses to start the week. While investors are concerned about the ripple effects of the China’s property market bubble, Fed taper talks, President Biden’s tax hike proposal and rising Covid-19 cases, there are silver linings too.

Last week was not extremely downbeat on every ground as the retail sales bounced back. This is especially true given the fact we are entering the all-important holiday season. JPMorgan’s trading guru Kolanovic says market sell-off is ‘technical’ and represents a buying opportunity. The recent selloff should not be feared tremendously as September is historically a down month for Wall Street (read: August Retail Sales Shine: ETFs & Stocks to Win).

According to moneychimp.com, a consensus carried out from 1950 to 2020 has revealed that September ended up offering positive returns in 32 years and........

© Entrepreneur


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