Hey, Ross here: Welcome back to a new trading week. Most of the time, whenever Fed Chair Powell flaps his lips – the markets dump. Last Friday, during his speech at Jackson Hole, it was the opposite. After Powell indicated that conditions “may warrant adjusting our policy stance” (aka, we’re setting the stage for rate cuts), markets surged. Let’s look at some of the aftereffects. Chart of the Day….

Hey, Ross here: The pullback continues. Both the S&P 500 and the Nasdaq have dipped for five days in a row. And with Powell set to flap his lips at Jackson Hole in just a couple of hours, we could see this pullback further deepen. But as always, what’s important is what’s under the surface. Chart of the Day Over the past few weeks, S&P 500 companies have seen….

Hey, Ross here: I warned you at the beginning of the month that August would be choppy – and that we would likely see a pullback. Sure enough, August has been a choppy ride… And now, it looks like the pullback may finally be here. But here’s what most miss – it’s looking like a narrow pullback. Chart of the Day The Nasdaq 100 – the 100 largest stocks….

Hey, Ross here: The Nasdaq was down 1.5% yesterday while the S&P 500 closed 0.6% lower. Bloomberg immediately printed this headline. Just look at the wording in the headline. A “faltering rally”… a “tech slump”. It’s designed to exaggerate the situation and pump up the fear. Because the truth is, while tech stocks did stumble a bit yesterday… The rest of the market did fine. Take a look below…..

Hey, Ross here: How do we know what the market’s risk appetite truly is? Yesterday, I showed you some evidence from the bond market. Today, let’s look at a segment of the stock market most traders don’t even know about. Chart of the Day This is the S&P 500 High Beta Index. It measures the performance of the top 100 companies in the S&P 500 with the highest beta…..

Hey, Ross here: Welcome back to a new trading week. With producer prices coming in scalding hot… And the retail bears now severely outnumber the bulls… It’s worth asking the question… How stressed is the market? Is there a real cause for concern? To help answer that question, let’s look at something just outside the stock market. Chart of the Day This is the ICE BofA US High Yield….