Positive Momentum
According to experts, the stock market is entering the second half of 2023 with positive momentum, which historically bodes well for returns on the stock market September 2023. The S&P 500 has risen almost 16% in mid-June 2023, which is a good sign for returns for the rest of the year. However, there are still risks to consider, such as the possibility of a recession later in 2023.
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Economic Indicators
Economic indicators such as the US Census Bureau’s economic indicator surveys and interest rates may also impact the stock market. For example, the US Census Bureau will release the U.S. International Trade in Goods and Services report on September 6, 2023, which could affect the market. Rising interest rates paired with persistent inflation will continue to further dampen economic activity. While we revised our Q2 GDP forecast from negative to slight growth, we project that the US economy will contract over the Q3 2023 to Q1 2024 period. The recession likely will be due to continued tightness in monetary policy and lower government spending.
Individual Stocks and Sectors
Investors ponder individual stocks and sectors that may be positioned best to buy in the 3 month to 6 month period. According to experts, technology stocks and growth stocks have outperformed in 2023, and investors are increasingly looking for stocks that are positioned to benefit from the ongoing digital transformation.
FAQs
What is the stock market’s performance in September 2023?
While it is difficult to predict the market’s exact movements, the stock market is entering the second half of 2023 with positive momentum, which historically bodes well for returns for the rest of the year.
What are the economic indicators that may impact the stock market in September 2023?
Economic indicators such as the US Census Bureau’s economic indicator surveys and interest rates may impact the stock market in September 2023.
What are the individual stocks and sectors that may be positioned best to buy in the 3 month to 6 month period?
According to Gord Collins, technology stocks and growth stocks have outperformed in 2023, and investors are increasingly looking for stocks that are positioned to benefit from the ongoing digital transformation.
What are the risks to consider for the stock market in September 2023?
While the stock market is entering the second half of 2023 with positive momentum, there are still risks to consider, such as the possibility of a recession later in 2023.
Should I consult with a financial advisor before making any investment decisions?
Yes, it is always advisable to consult with a financial advisor before making any investment decisions.
