Welcome to the August doldrums for the market.
Stocks are taking a breather on Monday, especially after multiple straight weeks of gains, according to TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer.
"I think a lot of people feel that maybe this is a week where we're just going to be back [to worrying about a] trade war with China," Cramer said.
Chatter about record stock buybacks not having a big impact on the markets is unlikely to help sentiment, TheStreet reports. Neither will lingering concerns on the health of tech stocks following mixed reactions to second quarter earnings from Facebook (FB) and Netflix (NFLX) .
What TheStreet's founder Jim Cramer is saying about tech stocks right now.