Stock pullback weekly market update image for September 8, 2023.

Weekly Market Update for September 8, 2023, from DeWayne Hall: Watching the September Stock Pullback

After a meh August for stocks, September is starting with a stock pullback that we’re keeping a close eye on. It may provide an early clue as to which way the market wants to eventually break from this S&P 4,300 – 4,600 summer range. And that break should determine how this year closes.

Is the market closing 2023 with a stock pullback?

Time will tell.

Which way will it go? Above 4,600 and on to all-time highs? Or below 4,300 and eventually back to the 2022 lows? Or both? Who knows? Are Deion and the Buffalos the real deal, or just one hit wonders?

So many questions, so few answers. Give it a couple more weeks and we should have our answers to both.

The views expressed represent the opinion of Good Life Asset Strategies, LLC. The views are subject to change and are not intended as a forecast or guarantee of future results. This material is for informational purposes only. It does not constitute investment advice and is not intended as an endorsement of any specific investment. Stated information is derived from proprietary and nonproprietary sources that have not been independently verified for accuracy or completeness. Login to see how your investments are performing.