Market Briefs & Sentiment Outlook (MBSO)
Reported by Tony Carrion


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September 4, 2017







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US Stocks Outlook

Other than small and mid-caps, US stocks closed positive for August. The tech heavy Nasdaq 100 staged the best overall performance, up 1.8% for the month.



On the basis of the Wilshire 5000 Index, the broadest measure of US stocks, we'll look for new highs to be made above the August peaks, primarily in the larger cap indices. If our view is correct, this will complete third wave advances underway since June 2016, to be followed by wave 4 correction during the seasonally weak period for stocks between September and October.


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