Payne's Perspective: August 16, 2021: Buying the Dip
8/16/2021
It was another good week for the stock market but one that gave us a fair amount of warning signs. I want to begin with the consumer sentiment number. The early read on July sentiment was an unmitigated disaster that saw the steepest monthly decline in history, only trailing last April amid the pandemic panic, and at the onslaught of the Great Recession in 2008. Current conditions and expectations were both slammed.
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Charles Payne
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