The Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, and sETF have been posted on the "Rankings" and "Trading Logs" pages.
Stocks continued their advance, largely driven by investors' hope for a September rate cut from the Fed. The rising hope was due the favorable CPI report that showed the inflation cooled modestly in July, with month-over-month inflation dropping to 0.2% from June’s reading of 0.3%, For the week, the S&P 500 advanced 0.94% to close at 6449, the Dow Jones Industrial Average rose 1.74%, and the Nasdaq Composite increased 0.81%.
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| The weekly chart of the S&P 500 index |
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