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No Day at the Beach

U.S. crude futures fell as refinery shutdowns could reduce demand for American crude. “Refining is where it is at because that is where you have pricing power, this just underscores the significance of that pricing power,” said Peter Kenny, senior market strategist at...

All Eyes and Ears on Jackson Hole Friday

  In the cases of earnings and economic data, there remain reasons to be constructive on the market once our called-for modest reset finds a tradable bottom. Q2 results from S&P 500 reporting companies have been solid with 65% beating consensus expectations....

Big Week on Tap

  Inflation slowing   This week’s Federal Open Market Committee Meeting and Announcement are not expected to provide much in the way of excitement for the street. The FOMC is widely expected to keep the federal finds target unchanged at 1.00 to 1.25 (leave rates...