Bloomberg Surveillance · Tuesday, September 1, 2026
David Katz, CIO of Matrix Asset Advisors, suggests the S&P 500 has entered a trading range with potential for both upside and downside. He notes that while the market has performed well, rising oil prices and global yields present challenges.
“We think we probably have entered a trading range with maybe 5 percent on the upside, 5 to 8 percent on the downside.”
“Ultimately, we think the market goes higher, but expect a lot of volatility in the short term and possibly a pullback if the news flow doesn't start to get better on oil or Iran.”