The first Presidential debate between Hillary Clinton and Donald Trump is scheduled for September 26. I came to the conclusion that: The markets are trading as though Clinton has already won. As of this writing, polls have been narrowing in Trumpâ€™s favor. The consensus is that Clinton will win the debate. For Clinton to win
Strong results from tech giants pushed the Nasdaq and the S&P to record highs. Weak business spending data pushed Treasuries higher and the dollar lower. Gold fell as strength in global equities diverted interest from the precious metal. Yemen worries buoyed Brent while U.S. oil fell on supply concerns.
KEY DATA: Here are some thoughts There were a lot of layoffs in oil and gas but these layoffs are slowing. There was significant impact of rising dollar, but lately, the strength in dollar has reversed. Bad weather contributed to the ugly number but the bad weather is behind us. The number is significantly below