The Closing Look

Stocks fell on Monday as investors waited for the first Presidential debate to begin at 9pm EST. The latest polls show that Donald Trump has surged in recent weeks and a Bloomberg poll released Monday morning showed both candidates were deadlocked. Economic data was relatively light, new home sales hit 609K in August vs. 597K estimate. Mario Draghi, the head of the ECB, spoke in Europe and 12 Fed heads are slated to speak this week which, at this point, is beyond ridiculous.

Gary’s Thoughts: FINANCIALS-FINANCIALS-FINANCIALS…starting to act suspect. Pay attention. Goldman (GS) acts poorly and breaking support badly.