The S&P 500 Index INDEXSP: .INX is heading lower on Monday morning as more negative news about world trade and domestic concerns arise.
Gold NYSEARCA: GLD and US Treasuries NASDAQ: TLT are benefiting from the rise in stock market volatility and uncertainty.
In today’s video, we assess the various asset classes, look at how the decline is playing out with key support levels, and discuss sector performance. Here’s a recap:
– Futures Trading Tests the Lower Bound of the Key Support Range
– Safe Haven Buying Sends Gold and Treasuries Higher
– Oil Continues to Trade Heavy, Weighing on the Energy Sector
Stock Market Today Video – August 5, 2019
Twitter: @DanRusso_CMT
Author may have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
