S&P 500 OUTLOOK for TUE 08/21

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Imminent New Record Highs – Day 2? With no major economic releases scheduled barring this Wednesday’s release of the FOMC Meeting Minutes and Fed Chair Powell’s speech at Friday’s Jackson Hole Syposium, the major driver of the news headlines continue to be the US-China trade talks this week. S&P 500 Index seems poised to take (more…)

TODAY IN THE MARKET – MON 08/20

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Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 08/21” will be posted around 8:30am EDT, Tuesday. THE GIST (“THE WHAT”) Opening the week on a positive note, the S&P 500 index extended gains for the third straight day. Announcement of a couple of billion dollar deals and rising commodities and oil (more…)