The Market, Energy, And Political Page, T+13 -- August 27, 2018

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Title : The Market, Energy, And Political Page, T+13 -- August 27, 2018
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The Market, Energy, And Political Page, T+13 -- August 27, 2018

The market:
  • Dow: absolutely irrelevant, but the Dow hit 26,000 -- the first time since February 2, 2018; could the Dow go up 300 points today?
  • Nasdaq: hits 8,000
  • Russell: with a new record
  • S&P: the one that matters -- within two points of hitting 2,900
WTI: flat; but trading at a very, very nice level, almost $69

False story: CNBC political talking head says the "NAFTA" story / Mexico trade story is a fake story. The movers and shakers all know that. And yet the Dow jumps almost 300 points. And this is August. Should be the slowest month of the year.


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