U.S. July auto sales strong, but miss estimates
http://www.reuters.com/article/us-usa-autos-idUSKCN10D1CF
Trump Says It’s Time to Get Out of Stocks
http://www.bloomberg.com/politics/articles/2016-08-02/trump-urges-exit-from-market-boosted-by-artificially-low-rates
U.S. consumer spending exits second quarter with strong momentum
http://www.reuters.com/article/us-usa-economy-idUSKCN10D17X
Watch GaryK on @FoxBusiness: What a toppy market means for investors
https://video.foxbusiness.com/v/5068556507001/what-a-toppy-market-means-for-investors/#sp=show-clips
Chart Of The Day: Near Term Top?
Read Gary’s Full Article here: https://garykaltbaum.com/short-note-markets/
Short note on markets!
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…
The Closing Look
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…
Hedge Funds Turn Ultra-Bearish on Crude and Gasoline @FoxBusiness
http://www.foxbusiness.com/markets/2016/08/01/hedge-funds-turn-ultra-bearish-on-crude-and-gasoline.html
McDonald’s Cuts Preservatives From McNuggets as Part of Health Kick $MCD
http://www.bloomberg.com/news/articles/2016-08-01/mcdonald-s-removing-preservatives-from-mcnuggets-in-health-push