Market Update for Monday, August 7th, 2023

Well, we’re not getting anywhere fast.

The S&P remains both in a decline, but also only within mere parallel rails:


Now, the obvious thing to try to do is the obvious suggestion from this weekend. We can of course try

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So, not much I can do here. We seemed ready for some followthrough on Friday, but we seem less ready for that now. I hope I’m pleasantly surprised, but I’m not as optimistic as I was.

I hope everyone has a fine evening.

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