Thoughts {08.31.16}

Markets just continue to be really quiet.  They are going to be this way until at least Friday and more likely the beginning of next week after the Labor Day holiday.  We may get some fireworks around Friday's jobs report because Federal Reserve officials seemed to want to hang their hat on that number last week when they discussed what conditions might lead to an interest rate increase in September.  A good number raises the likelihood of a tightening next month.  Most bond market observers still believe a hike is more likely in December if at all this year.  

Today's the last trading day of the month.  Very likely a non-event.  The Street's going to want those monthly statements to look as good as possible.

Leading market sectors for the month are financials up 3%, technology up 2% and energy up 2% according to CNBC.

Go read the Blackrock blog post, "Once Again, It's Too Quiet Out There".

Other than that I "got nuthin".

Back tomorrow.

*Long ETFs related to technology, energy and the financial sectors in client and personal accounts.  Please note these positions may change at anytime without notice on this blog.