Stock Indices Recap - 8/25/2017

August 25, 2017 3:40PM CDT

September S&P finished up 1.7 at 2442.5, 10.7 off the high and 4.5 up from the low. September S&P E-Mini closed up 1.75 at 2442.5. This was 5 up from the low and 11 off the high.


While equities appeared to price in a hawkish outcome to the Fed symposium meeting at the end of last week that result was mostly taken out of the market ahead of and into the actual keynote speech. While the bull camp hopes that renewed efforts on tax reform will get some traction the bear camp is probably hopeful that hurricane Harvey will trip up economic and investor psychology early next week. However the markets could see the recent Fed dialogue as justification for a further pushing back of rate hike timing. Our interpretation of central bank dialogue this week is that the recovery continues, inflation remains at low almost troublesome levels and that US growth has been subpar relative to Fed expectations following the election last year.

RJO Futures | 222 South Riverside Plaza, Suite 1200 | Chicago, Illinois 60606 | United States
800.441.1616 | 312.373.5478

The risk of trading futures and options can be substantial. Each investor must consider whether this is a suitable investment. Past performance is not indicative of future results. Trading advice is based on information taken from trades and statistical services and other sources that RJO Futures believes to be reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgement at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades.

This material has been prepared by a sales or trading employee or agent of RJO Futures and is, or is in the nature of, a solicitation. This material is not a research report prepared by RJO Futures Research Department. By accepting this communication, you agree that you are an experienced user of the futures markets, capable of making independent trading decisions, and agree that you are not, and will not, rely solely on this communication in making trading decisions.

Distribution in some jurisdictions may be prohibited or restricted by law. Persons in possession of this communication indirectly should inform themselves about and observe any such prohibition or restrictions. To the extent that you have received this communication indirectly and solicitations are prohibited in your jurisdiction with registration, the market commentary in this communication should not be considered a solicitation.