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S&P, Nasdaq Notch Weekly Decline Despite Good CPI Numbers

“I've been all over the world and I've never seen a statue of a critic.” ~Leonard Bernstein

Good evening:

Consistent with previous Fundstrat warnings, the second trading week of August continued to be choppy. Ultimately, the S&P 500 and the Nasdaq both fell for their second consecutive week. It was the first time the Nasdaq has notched back-to-back losing weeks this year.

For Fundstrat Head of Research Tom Lee, the biggest news came in the form of economic data releases, especially Thursday...

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