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August 08, 2019

The markets have solidly rebounded from the latest selloff. Today is on pace to make it the third straight day of gains for the S&P. We are currently up by more than 40 points for the index. If you add up the gains from Tuesday and Wednesday, we are nearly fully recovered from the beating Wall Street took on Monday. Sentiment is still positive on the economy and the tariff scare ended up being an opportunity for some profit-taking. It looks like another surprise news event will have to happen to put the market back on its heels.