Market Movers, August.30th

7:38am, Dow futures up 136 points, volume 44,936

Retail is just on fire

“Big Lots tops profit estimates in Q2”, Marketwatch

Reuters: Dell beats profit estimates on higher desktop sales; shares rise 9%

reuters front page archived https://web.archive.org/web/20190830124546/https://www.reuters.com/

Marktwatch: “American Outdoor Brands stock drops on results, outlook”

She indicates that oil is slightly bearish

Then yesterday she said it looks like it could turn around….

“Is oil about to get re-energized? RBC’s Helima Croft makes the bull case for oil, with CNBC’s Seema Mody and the Futures Now traders, Jim Iuorio and Brian Stutland, both at the CME”.
https://www.cnbc.com/video/2019/08/29/bearish-oil-sentiment-appears-to-be-turning-corner-says-rbcs-croft.html

“S&P calls Argentine’s debt maturity extension a ‘default'”, Reuters

CNBC: “Ray Dalio warns of ‘serious problems’ and a bond ‘blow-off’ as a repeat of the late 1930s looms”

3:21pm, Dow turns red, down 34 points 120,633,365

CNBC: “Toymaker CEO: If we move out of China, Trump could just ‘put a target on somebody else’s back’”

3:42m , Dow literally flat.

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