S&P 500 gained 7.01% in August, finishing at 3,500.31. YTD through August 31, 2020 the S&P 500 is up 8.34%. Volatility in markets increased for the last couple of weeks leading up to Labor Day weekend. When volatility rises in stocks, it often spreads to multiple asset classes. Investors frequently need to liquidate positions to calm their portfolio fluctuation. This situation can lead to temporary corrections in markets. How many market participants will need to press the sell button before the VIX is back below 26? Let's examine price, sentiment and valuation at the start of September.
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