Collaborative Wealth

Friday might not have felt like much, as the S&P 500 dropped 0.2% for the day – but it did trade in a daily range of 1.3%, which was the largest daily intraday range since and the post-Brexit volatility in late June.

U.S. stocks are little changed this morning, following consumer purchases data that matched forecasts and showed an advance for the fourth straight month.

Markets react little to Q2 GDP revision, await Yellen comments.

The London interbank offered rate (commonly known as Libor) is an interbank lending rate and is also used as a short-term interest rate benchmark.

U.S. markets opened lower today as traders are dialing down risk ahead of Federal Reserve Bank (Fed) Chair Janet Yellen’s speech tomorrow at the Jackson Hole Symposium.

For those of you who were able to see Chief Investment Officer Burt White in person at the LPL Focus conference yesterday, you got a great show.