Stock Market Recap | August 28th, 2023

A neutral week when all was said and done. Light late-summer volume once again, and offsetting economic data that didn’t move prices much.

Most stocks saw downward price action, contrary to the major indexes, which were only up because the few mega-stocks that dominate and corrupt the indexes were up.

Our stocks were mostly neutral with very slight price movement, very few trades and few highlights. Gainers were generally limited to our short positions – again – which continued downward.

September means investors all back from summer recess, so trading volume picks up as they recommit themselves to more aggressively searching for gains before the year comes to an end. Look for more movement in prices, which is much desired after the typical August doldrums we have witnessed.