Written by Gary
US stock markets sold off today (SPY -1.6%), with the S&P 500 hitting its lowest level in a month. The real cause is the coming spectacular eclipse that will allow market bears to sneak out and eat any bulls they find.
Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary 'reading list' which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for 'reading list' items are gratefully reviewed, although sometimes space limits the number included.
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If you come across a downed power line, stay as far away from it as you can and call 911. Assume it is live. Never touch a downed power line or anything near it. Do not drive over down power lines. Should a power line fall on your car when you're driving, slowly continue to move completely clear of it. If your car can't move away from the power line, stay in the car until help arrives.
Infographic Of The Day: Which Companies Make The Most Revenue Per Employee
On average, companies in the energy sector make at least 2x per employee than others.
This widget provided by DailyForex.com Forex News & Brokers;
Written by Sig Silber
Re the Monsoon: Break - Surge - Break: Re 6 to 14 Day Outlook: Don't Count on it.
NOAA is assigning a low probability to the 6 - 14 Day Forecast due to "FORECAST CONFIDENCE FOR THE 6-10 DAY PERIOD: BELOW AVERAGE, 2 OUT OF 5, DUE TO A PREDICTED LOW AMPLITUDE PATTERN AND CONFLICTING / WEAK SIGNALS AMONG THE SURFACE TOOLS." Another way of putting that is that it is hard to predict weather when there is none. But we believe the real problem is the inability of the models to deal with a confusing situation most likely related to the time of year and the rapid change in conditions along the Equator. The Southwest Monsoon has been going through rapid changes. Earlier this past week, we had a Break (reduction in activity) and we may now be in the final days of a Surge and the forecast is for another probably short Break. it is a bit unusual to have these rapid swings. It may be that the Monsoon this summer requires favorable conditions to overcome certain negative factors.
17Aug2017 Market Update: Wall Street Takes Time-off For A Minor Correction, Small Caps Off 1.4 Percent, DOW Down Triple Digits, WTI Crude Climbs Back Up To The Low 47 Handle
Written by Carmine Gorga, The Somist Institute
There are warnings in the airwaves about a collapse of the Stock Market in 2017 - or any time in the future.
What to do then?
Written by Gary
US stock markets are on a steep 1.0% decline (SPY -1.0%) on rumors that Gary Cohn is resigning as director of the National Economic Council and it's time for a Trump Rally breather.
17Aug2017 Pre-Market Commentary: US Markets To Open Fractionally Lower, WTI Crude Slips Overnight To
16Aug2017 Market Close: Stocks Closed Higher, Dow Back Above 22,000, While Oil Closed Lower On Risin
Written by Steven Hansen
The Conference Board Leading Economic Index (LEI) for the U.S again improved this month - and the authors suggest that the "U.S. economy may experience further improvements in economic activity in the second half of the year".