Durable Goods Orders (via Econoday)
Positions: None.
Personal Income and Outlays (via Econoday)
Positions: None.
Not My Take…
But, an interesting read on oil at Barron’s this morning
Why Two Top Fund Managers Say $100 Oil is Coming (And the Stocks to Play It) – Barron’s
Positions: none
This Morning’s Market Recon Column…
Calm Before Storm as Nvidia Earnings, Data Deluge, Bigger Trade War Loom | TheStreet Pro
Positions: Long AMD, NVDA, CRWD equity.
Tweet of the Morning
Positions: None.
Daily Events
(Via TheFly)
Industry Meetings
Medical Technology–Investor Tour 8/26/26 00:00:00 ET
Sponsors: BTIG-BTIG | Industry: Medical Technology–Investor Tour | Location: Chicago IL
Electric Utilities 8/26/26 00:00:00 ET
Sponsors: KEYB-KeyBanc | Industry: Electric Utilities | Location: Cleveland/Columbus OH
Medical Technology 8/26/26 00:00:00 ET
Sponsors: BTIG-BTIG | Industry: Medical Technology | Location: Chicago IL
Sports & Gaming 8/26/26 00:00:00 ET
Sponsors: JMPS-Citizens | Industry: Sports & Gaming
Financial 8/26/26 00:00:00 ET
Sponsors: JMPS-Citizens | Industry: Financial
Exploration & Production 8/26/26 08:30:00 ET
Sponsors: ROTH-Roth Capital | Industry: Exploration & Production | Location: Toronto | Country: Canada
Biotechnology 8/26/26 14:00:00 ET
Sponsors: BTIG-BTIG | Industry: Biotechnology
Biotech 8/26/26 15:00:00 ET
Sponsors: WBLR-William Blair | Industry: Biotech | Streaming Link
Conferences
Semis, IT Hardware & Comm Tech Conference 8/26/26 00:00:00 ET
Managers: JEFF-Jefferies | City: Chicago | State: IL
Conference Calls
Zhihu – ZH 8/26/26 07:00:00 ET
Managers: Company Sponsored | Streaming Link
Li Auto – LI 8/26/26 08:00:00 ET
Managers: Company Sponsored | Streaming Link
Super Hi – HDL 8/26/26 08:00:00 ET
Managers: Company Sponsored | Streaming Link
UP Fintech – TIGR 8/26/26 08:00:00 ET
Managers: Company Sponsored | Streaming Link
Lanvin Group – LANV 8/26/26 08:00:00 ET
Managers: Company Sponsored | Replay Number: 412-317-0088 | Replay Code: 1329150 | Streaming Link
LightInTheBox – LITB 8/26/26 08:00:00 ET
Managers: Company Sponsored | Replay Number: 855-883-1031 | Replay Code: 10056871 | Streaming Link
Abercrombie & Fitch – ANF 8/26/26 08:30:00 ET
Managers: Company Sponsored | Streaming Link
Bath & Body Works – BBWI 8/26/26 08:30:00 ET
Managers: Company Sponsored | Call in Number: 877-407-9219 | International Call in Number: 412-652-1274 | Streaming Link
Photronics – PLAB 8/26/26 08:30:00 ET
Managers: Company Sponsored | Streaming Link
JinkoSolar – JKS 8/26/26 08:30:00 ET
Managers: Company Sponsored | Streaming Link
Torm plc – TRMD 8/26/26 09:00:00 ET
Managers: Company Sponsored | Streaming Link
Kohl’s – KSS 8/26/26 09:00:00 ET
Managers: Company Sponsored | Streaming Link
J.M. Smucker – SJM 8/26/26 09:00:00 ET
Managers: Company Sponsored | Streaming Link
HEICO – HEI.A 8/26/26 09:00:00 ET
Managers: Company Sponsored | Call in Number: 800-330-6710 | Call in Code: 2905092 | International Call in Number: 646-769-9200 | International Call in Code: 2905092 | Streaming Link
Heico – HEI 8/26/26 09:00:00 ET
Managers: Company Sponsored | Call in Number: 800-330-6710 | Call in Code: 2905092 | International Call in Number: 646-769-9200 | International Call in Code: 2905092 | Streaming Link
Strattec Security – STRT 8/26/26 09:00:00 ET
Managers: Company Sponsored | Call in Number: 201-689-8470 | International Call in Number: 201-689-8470 | Streaming Link
Dycom – DY 8/26/26 09:00:00 ET
Managers: Company Sponsored | Streaming Link
Movado – MOV 8/26/26 09:00:00 ET
Managers: Company Sponsored | Call in Number: 877-407-0784 | Call in Code: 13762314 | Replay Number: 844-512-2921 | Replay Code: 13762314 | International Call in Number: 877-407-0784 | International Call in Code: 13762314 | Streaming Link
Donaldson – DCI 8/26/26 10:00:00 ET
Managers: Company Sponsored | Streaming Link
SFL Corp. – SFL 8/26/26 10:00:00 ET
Managers: Company Sponsored | Streaming Link
Williams-Sonoma – WSM 8/26/26 10:00:00 ET
Managers: Company Sponsored | Streaming Link
Grupo Financiero Galicia – GGAL 8/26/26 11:00:00 ET
Managers: Compa
Positions: none
120 Minutes to Go!
S&P Futures: -13 vs FV.
Nasdaq Futures: -23 vs FV.
US Ten-Year Note: 4.647%
US Two-Year Note: 4.207%
US Three-Month T-Bill: 3.792%
WTI Crude: $80.18
Gold: -0.44%
Silver: -0.32%
Bitcoin: -0.35%
US Dollar Index: +0.08%
Position: Long physical gold and silver
Good Morning, I’ll Be Your Tour Guide Today
It’s Wednesday! You can do it. It is I, Sarge. Dougie is off today and I am filling in as your tour guide. Let’s get some coffee into the system and get the blood flowing. You know what you need to do. You don’t need my boot pushing you along.
There will be a lot to consider as this day gets going. Before we get to Nvidia ($NVDA), CrowdStrike ($CRWD) and Salesforce ($CRM) earnings, we’ll have to get through July PCE prices, July Personal Income & Spending, July Durable Goods Orders and a speech by Richmond Fed Pres Tom Barkin.
Then, we’ll have to consider the burgeoning trade war between the U.S. and Canada, the potential for a reopening of the Strait of Hormuz, the Treasury Department’s “enhanced” liquidity management program and Jackson Hole. (Anybody who thinks Canadians are so nice has probably never played ice hockey at a decent level. That’s like saying grizzly bears are cute.)
What we do know is that both oil prices and Treasury yields are significantly lower in just a few days’ time. So, slap on those helmets. Buckle those chinstraps. Tape on that foil. It’s time to take the ice and play the game.
Rock & roll.
Position: Long NVDA, CRWD equity
Tuesday’s After-Hours Advancers and Deciners
After-Hours % Advancers
After-Hours % Decliners
Position: None
Tuesday’s Closing Market Data
Closing Volume
– NYSE volume 21% below its one-month average
– NASDAQ volume 12% below its one-month average
– VIX index: down 2.52% to 15.45
Breadth
S&P 500 Sectors
% Movers
Nasdaq 100 Heat Map
Closing S&P 500 Heat Map
Position: None