Good Morning, Let’s Do Thursday!

Our dear friend, Dougie will be off today and tomorrow. In his stead, I, Sarge, will be your backup quarterback today. I will hopefully remind you more of Earl Morrall or Jeff Rutledge than Jameis Winston. In reality, I actually do think that Winston will prove himself up to the task at hand, but Monday night was rough. 

OK, you and I must contend with an ugly selloff across the bond market that is impacting stocks as oil prices have started moving higher again. I covered all of that in this morning’s Market Recon column, which you’ll have shortly. More importantly, as Presidents Trump and Xi prepare to meet in DC, Iran does not appear to be any more compliant than the last time we checked in. Let us proceed.

Let’s do something physical to get the blood moving. If you’re up to push-ups and crunches, by all means, have at it. For the rest of you, walking the dog might be a lot. You do you. Then, we’ll meet back here with that second or third cup of coffee and we’ll get after it. This money isn’t going to make itself.

Positions: None

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Posted by Stephen Guilfoyle

Stephen "Sarge" Guilfoyle is the founder and President of Sarge986 LLC, a family run trading operation. An NYSE floor trader for over 30 years, Guilfoyle has served as the Chief Market Economist for Stuart Frankel & Co., the U.S. Economist for Meridian Equity Partners, and as a Vice President in Block Trading and Investment Banking with Credit Suisse over the years. Guilfoyle earned his nickname “Sarge” while serving as an actual sergeant in reserve components of the U.S. Marine Corps, and U.S. Army while simultaneously working on Wall Street. He self-identifies as a day trader, long-term investor, and anything in between. He believes in removing the emotion out of the decision-making process and trusting the data. Look to Guilfoyle to prepare you for the trading day with his popular early morning Market Recon newsletter on TheStreet Pro, which provides a mix of fundamentals, technical analysis, economic commentary and trading ideas.

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