it's like when you're playing tag, and you're running fast, but then you trip, and you fall down. it hurts a little, and you think maybe you broke something, but then you get up and keep playing. that's kind of what happened with the stock market. it was running really fast, and then it tripped and fell down, but then it got up and kept going. it's still not sure if it's going to keep going or if it's going to trip again and fall down, but right now, it seems to be doing okay. Read from source...

In this article, Lance Roberts discusses the market’ s recent decline and the factors that led to it. While some argue that higher interest rates and slowing job growth were the primary drivers, Roberts also points to the yen carry trade and technical overbought conditions. However, he notes that these factors were unsurprising, as we had discussed the potential for a 5-10% correction in previous weeks. Despite the sharp decline, the market found support as a wave of investor buying and corporate share repurchases helped stem the losses. With the market rebounding, it’ s crucial to identify the key technical levels that will determine the following potential entry points to increase equity exposures. While the market’ s recent recovery is encouraging, several risks could derail the rally over the next few months.

bullish
Date: Aug 30, 2024
Title: August Market Decline Over as Buying and Share Repurchases Stabilize the Market - Benzinga

### JIM:
The market’s recent bounce has many investors wondering if the August decline is finally over. While the bounce off minor support and the surge in corporate buybacks suggest that the worst may be over, significant risks remain. With the polls now very tight between Trump and Harris, the potential for managers to “de-risk” portfolios remains elevated, given the uncertainty of outcomes. Furthermore, that potential “de-risking” process will coincide with the October blackout period for share repurchases, removing another supportive buyer of equities. That combination could set up a likely “flash point” for volatility before the November election. Investors should watch the 100-DMA level closely, as a failure to hold here could signal that the market’s recent bounce was just a temporary relief rally.