We got a beautiful Monday here and for quite a while stocks have been trading in an increasingly tighter range in ever decreasing volume. Nobody know's nottin' --even futures traders are confused w/ some contracts upbeat and some off. They got metals down heavy -1.38% although gold-silver prices still trade in the current range $1,339.95 - $19.84.
Reports throughout the day: Empire Manufacturing, NAHB Housing Market Index, and Net Long-Term TIC Flows.
Headlines:
The Stimulus Wore Off. What's Next? - Robert Samuelson, Washington Post
Would Anyone Believe Clinton's 10 Million Job Promise? - Editorial, NYP
How Clinton and Trump Differ on Tax Rates - Neil Irwin, New York Times
Clinton's Economic Plan Is Recessionary - Steve Moore, Washington Times
Can the Recovery of Emerging Markets Last? - Tom Stevenson, Telegraph
Will Stock Market Hangover Follow Record Highs? - Mark DeCambre,MW
Why Robots Are a Threat to Job Security - David Ignatius, Washington Post
Don't Let Charges on Ailes Blind Us to His Genius - Steve Forbes, Forbes
U.S. Schools Are More Unequal Than We Thought - Susan Dynarski, NYT