Seeking Alpha

Market Commentary - September 5, 2019

|
Includes: BAPR, BAUG, BIBL, BJUN, CHGX, CPER, CRF, DDM, DIA, DMRL, DOG, DUSA, DXD, EDOW, EEH, EPS, EQL, EQWL, ESGL, FEX, FWDD, GSEW, HUSV, IVV, IWL, IWM, JHML, JJC, JJCTF, JKD, OMFS, OTPIX, PAUG, PMOM, PPLC, PSQ, QID, QLD, QQEW, QQQ, QQQE, QQXT, RSP, RVRS, RWL, RWM, RWSL, RYARX, RYRSX, SCAP, SCHX, SDOW, SDS, SFLA, SFY, SH, SMLL, SPDN, SPLX, SPSM, SPUU, SPXE, SPXL, SPXN, SPXS, SPXT, SPXU, SPXV, SPY, SQQQ, SRTY, SSO, SSPY, SYE, TNA, TQQQ, TRND, TWM, TZA, UAUG, UDOW, UDPIX, UPRO, URTY, USA, USMC, UWM, VFINX, VOO, VTWO, VV, ZF
by: Baird
Summary

Recent price improvement in the S&P 500 is encouraging.

Near-term seasonal patterns are a headwind for stocks, though conditions could improve later this year.

Copper has been bending but not breaking ahead of a better seasonal backdrop in the fourth quarter.

If stocks aregoing to build on this week’s strength and buck seasonal tendencies, look for semiconductors to leadthe way higher.

Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.