S&P Suffers Worst Monthly Decline Since May 2012

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Aug. 30 (Bloomberg) -- Aegis CIO Stanley Crouch discusses the outlook for the U.S. stock market and his investment strategy with Trish Regan, Julie Hyman and Adam Johnson on Bloomberg Television's "Street Smart." (Source: Bloomberg)

With exactly what will happen.

It is curious, we do not know.

Despite the comments coming from secretary john kerry and the president, neither of them said this is what we are doing.

The markets were not able to take away from the message.

All over the place, it turned out to be the worst month since may of 2012. pretty much consumer staples.

Consumer staples the only group in the green.

We have low-volume again today, a lot of folks sorority at of town for the holiday weekend.

-- a lot of folks are already out of town for the holiday weekend.

It does not take as many buyers and sellers to push the market in one direction.

I know you tend to take a longer-term view, have you been stepping aside?

We have been watching the action.

All it ability got really compressed and has made a pretty major move that cup.

It was really -- a major move back up.

It is paying for protection.

It is probably still cheap, but a lot of people do not understand the mechanics of it.

It has this rolloff risk and reverse split.

In a very volatile situation, if you get a hard fast drop, you will get -- you can buy puts if the big move down does not happen, you have to roll it forward.

We do not know.

It could be very cheap insurance for the right groups.

On today's action, we do look at the action very carefully, it was very much out go driven -- algo driven.

They have this artificial intelligence recognition capability.

They really do parse every word.

When secretary kerry came out and made those statements.

These algorithms are interpreting what the meaning is.

When we think about that, but the flaw is it is programmed by humans.

Was this an opportunity?

Why is it that we moved so much in the final moments?

Going in, we had a hard drop in a few minutes and it reversed itself.

We are not going down, let's go back up.

It is a series of if-then statements.

It is very sophisticated proposition betting.

They're supposed to be flat and have a risk off mentality at the end of the day.

They are not supposed to have risk overnight.

What i think we should all be very conscious of, we have two full cycles of abbreviated futures before the tuesday

This text has been automatically generated. It may not be 100% accurate.


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