How Things Stand in the Market as of Sunday, August 11th, 2014

Good Morning Investors & Traders!

The stock market had an ugly start of the week but recovered the week’s losses in impressive fashion. Now, we wait to see if the markets can follow-thru with a big up day accompanied by strong volume. Given last week’s scary volatility, expect all economic reports that bear on the Fed’s prospects for cutting interest rates to be closely scrutinized— reports like the producer and consumer price index on Tuesday and Wednesday. So far, markets have priced in a rate cut for the Sept. 18 meeting, but it’s a tossup between 25 or 50 basis points. Meanwhile, earnings season quiets down with only a few market-movers left, like Monday.com (MNDY), Cisco Systems (CSCO), and Applied Materials (AMAT). As previously mentioned, wild cards include the conflict between Israel and Iran, and between Russia and Ukraine.