Stocks are pointing higher on Wednesday morning. This comes on the heels of a down-day on Tuesday.
The market awaits the Federal Reserve’s meeting “minutes” as well as Chairman Powell’s speech at Jackson Hole later this week.
In today’s video, we discuss key macro indicators, areas of the market we like, and winning stocks. Here’s a recap:
The S&P 500 NYSEARCA: SPY snapped a three-day winning streak.
Investor sentiment has reached contrarian bullish levels.
The Homebuilders Sector NYSEARCA: XHB are seeing a boost.
Stock Market Today Video – August 21, 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.
