European banking shares get a reprieve as HSBC, SocGen rally
http://www.reuters.com/article/europe-stocks-idUSL8N1AK18J
U.S. private sector adds 179,000 jobs in July: ADP
http://www.reuters.com/article/us-usa-economy-adp-idUSKCN10E1FH
‘I don’t like bonds, I don’t like most stocks’: Bill Gross
http://www.reuters.com/article/us-funds-janus-gross-idUSKCN10E1C3
Required Reading
Latest North Korea missile launch lands near Japan waters, alarms Tokyo Emirates jet catches fire after hard landing in Dubai, all safe Russia says informed U.S. of toxic substance attack by rebels in Syria’s Aleppo Gunman in deadly Austin, Texas shooting arrested in Atlanta Zimbabwe police use batons to break up anti-government protest Syrian government…
Watch Gary on @FoxBusiness: What a toppy market means for investors
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Investor’s Edge: 08/02/2016
Investor’s Edge: 08/02/2016
The Morning Look
Market Update: Stock futures are a little lower ahead of Wednesday’s open. The Dow fell 7 days in a row as it continues consolidating its recent post-brexit rally and a ton of earnings continue to be released. Remember, the always fun and fake jobs report will be released on Friday. Gary’s Thoughts: 7 days in a row…
The Closing Look
Stocks fell on Tuesday as the market appears to be tracing out a near term top. The major indices soared over 9% since the post brexit low and have been up 5 weeks in a row. The market is simply pulling back now to digest that recent and strong rally. It is important to note…