Positive Catalysts Anticipated Despite Tough Start to August Array ( [cookie] => 1d3f6c-0e7791-a2d365-7db607-d95a80 [current_usage] => 2 [max_usage] => 2 [current_usage_crypto] => 2 [max_usage_crypto] => 2 [lock] => 1 [message] => [error] => [active_member] => 0 [subscriber] => 0 [role] => [visitor_id] => 156952 [user_id] => [reason] => [method] => ) 1 and can accesss

"Life is not a matter of holding good cards, but sometimes, playing a poor hand well." ~ Jack London

Good evening:

July was good for the markets. The S&P 500 and the Nasdaq both rose for the fifth consecutive month, and the Dow saw one of the longest daily winning streaks in its history. August began on a different note, though Tom Lee, Fundstrat’s Head of Research, sees promising signs in how the month opened. “Strangely, the odds of August turning into a good month are determined by the first three days. If you're up 15% year to date, which is the case (through the end of July) and the first three days of August are down, then the probability of being up from Day 4 to the end of the month is 78%,” he revealed during our weekly research huddle. 

Or to look at it another way, Lee suggested: “To me, I'm thinking that if August is a washout, we've already done a lot of that upfront – we frontloaded the washing out.”