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.
Worried About Tech
If tech can stay stable despite recent soft earnings, and the dollar doesn’t rally, then stocks can generally hold yesterday’s gains.
Can Stocks Go Back-to-Back-to-Back?
/in Investing, Reports/by Tom EssayeWhat’s in Today’s Report: Can Stocks Go Back-to-Back-to-Back? Why CPI Was An Important Positive for Markets.