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[Chart courtesy of MarketWatch.com] Moving the markets The futures markets already indicated a strong opening, which is exactly how things played out. The major indexes roared out of the gate with all three of them displaying solid gains, but the leader was the Nasdaq by showing off with an advance of +1.55%. Last week’s weakness was shoved in the rear-view …

[Chart courtesy of MarketWatch.com] Moving the markets On deck today were the Fed minutes from the July meeting, which disclosed what everyone already knew, namely that discussions about a possible reduction of its monthly $120 billion bond buying program had already happened. Here’s what the minutes said: Looking ahead, most participants noted that, provided that the economy were to evolve …

[Chart courtesy of MarketWatch.com] Moving the markets An early dump in the markets was not followed by the usual afternoon pump, as a meager rebound attempt failed to make up for the early losses. Contributing to the sour mood were declining retail sales, as the artificial boom created by almost 18 months of “stimmy checks” had worn off. Other econ …

[Chart courtesy of MarketWatch.com] Moving the markets Overnight, Chinese econ data came in far below expectations thereby pulling down the futures markets. Even though their retail sales increased by 8.5% in July, it was a far cry from the expected 11.5% forecast. The manufacturing sector figure disappointed as well. This negative sentiment carried over into the regular session with the …