As the calendar turns to August, the “dog days of summer” lie just ahead —during which time many traders and investors head for the sidelines to enjoy family vacations and other late-summer outdoor activities. However, the past week has been far from the lazy, hazy summertime doldrums that many times pervade the marketplace at mid-summer. Let’s break down this week’s events in the stock, bond, and currency markets, and I’ll include my bias on price direction for each in the coming weeks.
