Jason Goepfert

10-01-2020 at 5:32 pm

Daily Report : Consumers bought the September dip; Energy bosses are cutting dividends, and workers

Even though stocks dropped in September, there was a jump in consumers who expect stocks to rise. Usually, they follow the trend. This seems like it should be a bad sign of too much confidence, but the evidence doesn't support it.; Management at major energy firms have been busy cutting dividends and jobs in recent months, something they're loathed to do, both because of their responsibility to employees and investors, and the message it sends. It's gotten to the point that it rivals that other horrid period from late 2015 - early 2016.

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