We are quite confident some sort of near-term high is being put in place today. All was well coming into today but noticed the S&P sitting while other indices moved higher, a divergence of sorts. As we write this, the tight range of the past couple of weeks is being breached to the downside and…
Stocks ended mixed on Monday as oil prices continued to tank and fell below $40 a barrel for the first time since April. The Dow Jones Industrial Average posted a 6-day losing streak as it pauses to digest the recent rally. Economic data was light but a little weaker than expected. The ISM manufacturing index came…
http://www.foxbusiness.com/markets/2016/08/01/hedge-funds-turn-ultra-bearish-on-crude-and-gasoline.html
http://www.bloomberg.com/news/articles/2016-08-01/mcdonald-s-removing-preservatives-from-mcnuggets-in-health-push
http://www.reuters.com/article/us-global-forex-idUSKCN10C139?il=0
http://www.bloomberg.com/news/articles/2016-08-01/dimon-says-european-regulators-should-let-banks-do-their-job
http://www.bloomberg.com/news/articles/2016-08-01/insuring-against-a-market-selloff-just-keeps-getting-cheaper
U.S. factory activity slips; construction spending hits one-year low
http://www.reuters.com/article/us-global-oil-idUSKCN10C15N?il=0
Slump in oil prices gives pause to rally on global stock markets SolarCity accepts Tesla’s $2.6 billion offer; both shares fall Russian helicopter shot down in rebel-held Syria U.S. Treasury to borrow $201 billion in July-September quarter U.S. general seeks to soothe Turkey ties strained by coup purge Turkey’s defense ministry reshuffles 167 generals within…
