Doug Short's picture

The Latest Conference Board Consumer Confidence Index was released this morning based on data collected through August 14. The headline number of 92.4 was an improvement over the revised July final reading of 90.3, an upward revision from 90.9.

Marc Chandler's picture

The U.S. dollar is narrowly mixed. It opened Asia broadly higher in a sloppy start of the session, which may have been linked to a technical glitch that led to a four-hour delay of the electronic futures trading.

John Kosar CMT's picture

The iShares S&P Latin America 40 Index ETF (ILF) broke out higher from 2 months of sideways price congestion, which suggests that its larger 2014 advance has resumed and targets at least an additional 4% rise to 41.60 that will remain valid above 39.05.

Tom McClellan's picture

The Russell 2000 Index has had a good month so far in August 2014, rebounding more strongly than the NYSE-dominated indices. But that seeming strength just within August conceals what happened before in July 2014, when the Russell 2000 had a pretty bad month.

Doug Short's picture

The Philly Fed's Business Outlook Survey is a monthly report for the Third Federal Reserve District, covers eastern Pennsylvania, southern New Jersey, and Delaware. The latest gauge of General Activity came in at 28.0, an increase from last month's 23.9.

Sheraz Mian's picture

The Fed remains in the spotlight today, with minutes of its last meeting coming out later this afternoon and the annual Jackson Hole meeting getting underway tomorrow. The risk in today’s Fed minutes center on...

Oliver Inderwildi PhD's picture

Rapid technological advancements can make previously uneconomic resources and/or feedstock available within significantly reduced timeframes. This can and will further transform the global energy landscape and moreover...

Charles Hugh Smith's picture

Nobody really believes the official narrative that the "recovery" is powering the remarkable strength of U.S. stocks, bonds and real estate. The real Main Street economy is quite obviously struggling, outside the energy and Federal government sectors, and so...

Jeffrey D Saut's picture

Evidently, the “lucid dreamers” on Wall Street practiced their skills two weeks ago as professional traders were sneaking large “buy orders” into the equity markets on the closing bell. Simultaneously, the Commitment of Traders’ Report showed those same traders were dramatically reducing their “short sale” bets.

Puru Saxena's picture

Over the past few weeks, geo-political tensions have increased in various parts of the world and we have also experienced a sovereign debt default. Despite these developments, the majority of the stock markets have held up relatively well and so far...

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