Tradition Monday 8/21/17
- Extremely strong 2nd quarter earnings season – 78% of S&P 500 companies beat or met expectations.
- Crude oil down about 9% year to date – around $48/barrel – causing crude oil related stocks to be down 16% year to date.
- Overall, stocks are up 9.7% year to date.
- Last week, emerging markets experienced its largest cut back this year.
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