What Makes Politics a Bearish Gamechanger
Futures are little changed following a quiet night as the August flash, on trade, the WSJ said odds of the 200 billion additional Chinese tariffs, from a trading standpoint today, any trade headlines (positive or negative) will likely move markets.
Tom Essaye quoted on Nasdaq – August 21, 2018
Looking Up. A weaker dollar was helping to boost stocks Tuesday morning, pushing the S&P 500 ever nearer to its all-time high.
Tyler Richey cited on MarketWatch – August 21, 2018
Market Watch – Oil futures finished higher on Tuesday, registering a fourth straight gain – Media Mention
Good, Bad, Ugly Chart
Futures are modestly lower, Trump headlines dominated the newswires overnight, oil futures are up over 1% after the API reported a -5.1M bbl supply draw. As far as catalysts go today, the media will likely be fixated on the Cohen/Manafort drama.
Contrarian View: Emerging Markets
Stock futures are cautiously higher today as the dollar continues to pullback, the dollar is down another 30 basis points+, British CBI Industrial Trends Survey was a mild miss at 7 vs. (E) 10, and more.
U.S. & China Trade Progress?
Markets will stay focused on 1) Trade headlines, 2) The dollar and 3) the tech sector. Trade should stay quiet into the U.S./China meetings Wed/Thursday. The dollar is bouncing from Friday’s declines and sustained dollar weakness remains the biggest key to a breakout in stocks, so any weakness there will be welcomed by investors.
Still A Soft Landing, But Growth Is Slowing
/in Investing, Reports/by Tom EssayeWhat’s in Today’s Report: Hard Landing/Soft Landing Scoreboard: Still A Soft Landing, But Growth Is Slowing.